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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Exemption u/s 54F – Capital Gain - The case of Leena J Shah ...


Guidance on Section 54F Tax Exemption: Follow Leena J Shah Precedent Over Prema P. Shah for Capital Gains Clarity.

December 11, 2012

Case Laws     Income Tax     AT

Exemption u/s 54F – Capital Gain - The case of Leena J Shah (2005 (11) TMI 386 - ITAT AHMEDABAD), and not that of Prema P. Shah (2005 (11) TMI 182 - ITAT BOMBAY-J), should be followed for deciding the issue related to Section 54F. - AT

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