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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Denial of exemption u/s 54F - LTCG - agreement of sale was not ...


Exemption for Long-Term Capital Gains Allowed: Possession Proven; Unregistered Sale Agreement Not a Barrier u/s 54F.

January 9, 2021

Case Laws     Income Tax     AT

Denial of exemption u/s 54F - LTCG - agreement of sale was not registered - though residential property is not registered but the assessee was able to prove the possession and confirmed by the builder, the exemption cannot be denied on this ground. - AT

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