Exemption claimed u/s 54F - LTCG - The vast open land with ...

Exemption Denied: Section 54F Long Term Capital Gains Not Applicable Due to Non-Residential Superstructure on Open Land.

January 28, 2019

Case Laws Income Tax AT

Exemption claimed u/s 54F - LTCG - The vast open land with naturally grown grass, a grossly asymmetric consumption of land for construction of superstructure (cost less than 1% of total costs), the occupation of the superstructure by a watchman/caretaker clearly indicates that such superstructure cannot be mechanically reckoned as a residential house. - No exemption .

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Exemption claimed u/s 54F - LTCG - The vast open land with ...

Exemption Denied: Section 54F Long Term Capital Gains Not Applicable Due to Non-Residential Superstructure on Open Land.

January 28, 2019

Case Laws Income Tax AT

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