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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Exemption u/s 54F - Denial of exemption possession of the ...


Section 54F Exemption Denied: Assessee Lacks Property Possession and Registered Sale Deed Despite Meeting Other Conditions.

October 23, 2020

Case Laws     Income Tax     AT

Exemption u/s 54F - Denial of exemption possession of the property was not taken by assessee and registered sale deed was not executed in favour of assessee - assessee has substantially fulfilled all necessary conditions to be entitled for liberal interpretation of sec.54F. - AT

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