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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Exemption u/s 54 - assessee has utilized the entire capital ...


Exemption Granted: Capital Gains Used but House Construction Delayed Beyond Control u/s 54.

May 4, 2016

Case Laws     Income Tax     AT

Exemption u/s 54 - assessee has utilized the entire capital gains within the period of one year but due to certain circumstances beyond the control of the assessee, the construction of the house could not be completed within the specified period - exemption allowed - AT

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