The assessee having parked its funds in FDRs with banks, of sale ...

Assessee retains eligibility for Section 54 exemption after investing in FDRs and using a loan for new asset purchase.

December 14, 2013

Case Laws Income Tax AT

The assessee having parked its funds in FDRs with banks, of sale proceeds of the old assets and utilized housing loan for the purchase of new asset, does not disentitle the assessee from the benefit of exemption u/s 54 - AT

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The assessee having parked its funds in FDRs with banks, of sale ...

Assessee retains eligibility for Section 54 exemption after investing in FDRs and using a loan for new asset purchase.

December 14, 2013

Case Laws Income Tax AT

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