TMI BlogDisallowance u/s 54F - Investment of Sale consideration for claiming exemption on LTCG - Advance was...Disallowance u/s 54F - Investment of Sale consideration for claiming exemption on LTCG - Advance was given for purchase of new residential property but the transaction was not materialized due to litigation - purchase of new residential property thereafter after getting refund of advance - failure to deposit into the capital gain account with the authorized banks - Since the assessee has fulfilled the substantive condition of Section 54F(1) of the Act by way of utilizing the sale consideration f..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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