Exemption u/s 54 - LTCG - Since the construction was admittedly ...

Taxpayer's LTCG Exemption Valid Despite Incomplete Construction u/s 54; Investment Meets Legal Requirements.

February 4, 2019

Case Laws Income Tax AT

Exemption u/s 54 - LTCG - Since the construction was admittedly in progress, it may not be fit for human habitation as claimed by the Revenue authorities. But, the fact is that the assessee has invested the entire capital gain in purchasing the land and to construct the building, which is not in dispute.

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Exemption u/s 54 - LTCG - Since the construction was admittedly ...

Taxpayer's LTCG Exemption Valid Despite Incomplete Construction u/s 54; Investment Meets Legal Requirements.

February 4, 2019

Case Laws Income Tax AT

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