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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

LTCG - Deduction u/s 54 - The claim of the assessee for ...

Case Laws     Income Tax

November 9, 2019

LTCG - Deduction u/s 54 - The claim of the assessee for deduction of the disputed sum towards the additional construction cost was rejected only on the ground that the said sum was not deposited in the capital gain account. In view of findings Revenue is not justified in making such objection.

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