TMI BlogExemption of income u/s 11 - sale proceeds of property - acquisition of new property - Since the...Exemption of income u/s 11 - sale proceeds of property - acquisition of new property - Since the assessee has made the investment in fixed deposits for more than 6 months in the same financial year, we hold that the assessee is entitled for exemption of sale consideration u/s 11(1A) of the Act and the same required to be considered as for acquiring another capital asset. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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