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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Revision u/s 264 - whether benefit of Section 54F could be ...


High Court rules Section 54F benefit can be granted during Section 264 revision, even if unclaimed initially.

February 10, 2017

Case Laws     Income Tax     HC

Revision u/s 264 - whether benefit of Section 54F could be granted when it was originally not claimed during the assessment proceedings - there is no bar in the grant of the relief despite the assessee apparently having missed the bus and having committed the mistake - HC

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