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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Eligibility of exemption u/s 54F(4) - the entire amount which ...


Taxpayer Denied Exemption u/s 54F(4) for Failing to Utilize Capital Gains for New House or Deposit.

September 2, 2016

Case Laws     Income Tax     HC

Eligibility of exemption u/s 54F(4) - the entire amount which was subject to capital gain tax had not been utilized for the purpose of construction of new house nor were the unutilized amounts deposited in the notified Bank Accounts - No exemption - HC

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