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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

LTCG - the claim of exemption u/s 54F which was made in the ...


Tax Exemption Denied: Property Bought by Taxpayer's Father, Not Eligible for Section 54F Long-Term Capital Gains Benefit.

January 18, 2019

Case Laws     Income Tax     AT

LTCG - the claim of exemption u/s 54F which was made in the assessment proceedings cannot be given to the assessee as the property has been purchased by the father of the assessee and not the assessee.

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