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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Claim of Exemption u/s 54 - there is no prohibition under the ...

Income Tax

May 23, 2019

Claim of Exemption u/s 54 - there is no prohibition under the Act in claiming exemption u/s 54 in case assessee has not filed a return of income - Such legal claim can be put forth at any stage of assessment / appellate proceedings and should be considered on merits in the light of the details / documents / corroborative evidence filed in this regard - exemption allowed

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