Claim of deduction u/s 54F - one cheque returned by the builder ...

Assessee Denied Section 54F Exemption Due to Returned Cheque and Failure to Deposit in Capital Gain Account.

April 29, 2017

Case Laws Income Tax AT

Claim of deduction u/s 54F - one cheque returned by the builder due to technical reasons - The assessee cannot get the exemption towards unutilized amount as the said amount has not been invested by the assessee in the purchase/construction of new residential house property - nor the same has been deposited in capital gain account with bank - AT

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Claim of deduction u/s 54F - one cheque returned by the builder ...

Assessee Denied Section 54F Exemption Due to Returned Cheque and Failure to Deposit in Capital Gain Account.

April 29, 2017

Case Laws Income Tax AT

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