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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Entitlement to exemption u/s 54 - If the completion of ...


Taxpayer Wins Exemption u/s 54 Despite Construction Delays Caused by Authorities' Clearance and Approvals.

October 21, 2015

Case Laws     Income Tax     HC

Entitlement to exemption u/s 54 - If the completion of construction had been delayed on account of the delay in the Airports Authority of India in giving clearance and the Town Planning Authority giving approval to the building plan, the benefit of section 54 cannot be denied to the assessee - HC

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