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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Denial of deduction u/s 54F - net consideration has not been ...


Deduction Denied: Section 54F Not Met Due to Failure to Deposit Net Consideration in Notified Account by Due Date.

February 23, 2019

Case Laws     Income Tax     AT

Denial of deduction u/s 54F - net consideration has not been utilized for the purposes of deposit in the notified bank account in terms of Section 54F(4) of the Act before due date specified u/s 139(1) - additions confirmed.

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