Deduction u/s 54B - LTCG - Assessee technically may have ...

Revenue's Argument on Capital Gains Deposit Timing Deemed Untenable; Extended Due Date for Section 139(4) Applies.

May 3, 2023

Case Laws Income Tax AT

Deduction u/s 54B - LTCG - Assessee technically may have defaulted in not filing the return under section 139(4). But, however, utilized the capital gains for purchase of property before the extended due date under section 139(4). The contention of the revenue that the deposit in the scheme should have been made before the initial due date and not the extended due date is an untenable contention. - AT

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Deduction u/s 54B - LTCG - Assessee technically may have ...

Revenue's Argument on Capital Gains Deposit Timing Deemed Untenable; Extended Due Date for Section 139(4) Applies.

May 3, 2023

Case Laws Income Tax AT

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