Deduction u/s 54 against the LTCG - assessee failed to construct ...

Exemption Granted u/s 54 for Delayed Possession: Assessee Not Penalized for Developer's Delay in New Home Construction.

July 30, 2019

Case Laws Income Tax AT

Deduction u/s 54 against the LTCG - assessee failed to construct the new residential house within a period of three years from the date of sale due to delay in the handing over of the possession of the plot by the developer - assessee cannot be held responsible for not complying the law - Benefit of exemption allowed.

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Deduction u/s 54 against the LTCG - assessee failed to construct ...

Exemption Granted u/s 54 for Delayed Possession: Assessee Not Penalized for Developer's Delay in New Home Construction.

July 30, 2019

Case Laws Income Tax AT

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