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2019 (4) TMI 1956 - AT - Income TaxExemption u/s 54F in respect of investment in Residential Property outside the country - DR contention that the section does not allow the claim of investment outside the country and should be restricted in India - HELD THAT:- We are of the opinion that the CIT(A) has dealt on the amended provisions to sec. 54 and 54F of the Act which are effective from 1/4/2015 relevant to asst. year 2015-16. Whereas the present case pertains to asst. year 2013-14 and the earlier provision are applicable further the ld DR has argued supporting the orders of the AO. Accordingly we are not inclined to interfere with the order of the CIT(A) who has passed reasoned order and upheld the same and dismiss grounds of appeal of the Revenue.
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