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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Benefit of exemption from capital gains u/s 54F - in the instant ...


Court Upholds Capital Gains Exemption u/s 54F for 15 Flats at Same Address, Different Blocks Not an Issue.

March 9, 2017

Case Laws     Income Tax     HC

Benefit of exemption from capital gains u/s 54F - in the instant case the assessee having got 15 flats along with his two sons will not disentitle him from getting the benefit u/s 54-F only on the ground that all the 15 flats are not in the same Block, particularly in the light of the admitted factual position that all the 15 flats are located at the same address - HC

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