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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Disallowance of the deduction U/s. 54F - money has no colour and ...


Section 54F Deduction: Investment Timing Crucial for Tax Relief; Source of Funds Irrelevant if Conditions Met.

September 5, 2012

Case Laws     Income Tax     AT

Disallowance of the deduction U/s. 54F - money has no colour and all that is required to be eligible for relief under S.54F of the Act is compliance with the condition of investment within the specified time. - AT

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