Disallowance of deduction u/s 54F - assessee has converted his ...

Taxpayer's Section 54F Deduction for Capital Gains on Converted Asset Upheld by Appellate Authority, No Error Found.

April 15, 2022

Case Laws Income Tax AT

Disallowance of deduction u/s 54F - assessee has converted his capital asset into stockin- trade and accrued capital gains which he invested in construction of residential unit and claimed exemption under section 54F - the deduction u/s 54F of the Act claimed by assessee is allowable and therefore, we do not find any infirmity in the order passed passed by ld CIT(A). - AT

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Disallowance of deduction u/s 54F - assessee has converted his ...

Taxpayer's Section 54F Deduction for Capital Gains on Converted Asset Upheld by Appellate Authority, No Error Found.

April 15, 2022

Case Laws Income Tax AT

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