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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Exemption u/s 54 - LTCG - delay in obtaining possession of ...


Exemption for Long-Term Capital Gains Granted Despite Delay in Flat Possession Due to Developer's Fault, Section 54.

March 9, 2019

Case Laws     Income Tax     AT

Exemption u/s 54 - LTCG - delay in obtaining possession of residential flat and getting purchase deed executed was on account of the developer and was by reason beyond the control of the assessee - exemption is allowable

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