Eligibility to relief u/s. 54 - disallowance on the ground that ...
Court Allows Section 54 Exemption Despite Delayed Encashment of Cheques for New House Purchase.
June 10, 2017
Case Laws Income Tax AT
Eligibility to relief u/s. 54 - disallowance on the ground that payment for purchase of new house property has not been made within one year from the date of transfer of original asset - where the cheques issued by the assessee before filing of ITR but encashed by the builder belatedly, there is no fault on the part of assessee - exemption allowed - AT
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