Exemption from capital gains u/s 54F - merely because the ...

High Court: Taxpayer Eligible for Section 54F Exemption Despite Incomplete Property Construction, Can Claim Capital Gains Benefit.

August 8, 2015

Case Laws Income Tax HC

Exemption from capital gains u/s 54F - merely because the construction was not complete in all respects or such building is yet to be completed fully or the building not being in a fit condition for being occupied, would by itself not be a ground for the assessee to be denied the benefit under Section 54F of the Act. - HC

View Source

← Previous Next →

Exemption from capital gains u/s 54F - merely because the ...

High Court: Taxpayer Eligible for Section 54F Exemption Despite Incomplete Property Construction, Can Claim Capital Gains Benefit.

August 8, 2015

Case Laws Income Tax HC

You may also like:

Exemption from long term capital gains (LTCG) u/s 54F - Construction or acquisition of property - earlier structure was demolished and new construction was made on the...

Exemption on property tax paid on immovable property - Notification

Income from house property - ALV u/s 23(1)(a) - In determining the reasonable rent, several factors have to be taken into consideration, such as, location of the...

Input Tax Credit - input services - the applicant is engaged in development of port based smart city i.e. Smart Industrial Port City (SIPC) within...

Income from house property - deduction (Vacancy allowance) - Notably the words used in section 23(1)(c) of the Act are “the property is let and was vacant during the...

Rental income from the property - income from other sources OR income from house property - By not recording construction expenses in books of account, the rights of...

Legal interpretation of the term "original asset" for claiming exemption u/s 54F of the Income Tax Act. It discusses the ownership rights over the "original asset" by...

Exemption u/s 54F - LTCG - completion of construction or just investment - Nowhere does the provision lay down a stipulation of completion of construction as a condition...

The HC adjudicated a wealth tax dispute concerning urban vacant land exemption under the Wealth Tax Act. The Supreme Court's ruling in Giridhar G. Yadalam's case...

Exemption - goods manufactured at site of construction for use in construction work at such site - construction of flyover / tunnel / viaduct - stay granted - AT

Exemption from payment of property tax under the provisions of the UP Municipal Corporation Adhiniyam, 1959 - The Supreme Court held that, the enemy properties vest in...

Assessee utilized long-term capital gain from sale of immovable property for purchase of new residential property within permissible time period. Purchase consideration...

LTCG - denial of a claim of exemption u/s 54 - new residential house property was purchased only after the lapse of two years from the sale of original property - The...

LTCG - Exemption claimed u/s. 54F - Failure to deposited in capital gain deposit scheme - The appellant sold a property, deposited the sale proceeds in a capital gain...

Denial of the exemption u/s 54 - Nature of property sold - as far as shops are concerned, even where they are built on a residential plot of land (land use not being...

Quick Updates: