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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Deduction claimed u/s. 54 - delay in depositing unutilized ...

Case Laws     Income Tax

January 10, 2023

Deduction claimed u/s. 54 - delay in depositing unutilized amount in capital gains account deposit scheme - Assessee has explained reasons for depositing unutilized amount of capital gains in capital gain deposit account scheme, and further claimed that ultimately he has invested entire amount of capital gain for acquiring new asset within three years from the date of transfer of original asset. - Benefit of exemption allowed - AT

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