capital gain deduction u/s 54

  • Income Tax

Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154

Withdrawal of deduction u/s 54/54F beyond scope of rectification u/s 154. AO has no jurisdiction to re-appreciate evidences already considered. …

4 years ago
  • Income Tax

Exemption u/s 54/54F for house purchased in wife name. Jurisdictional High Court to be followed

Exemption u/s 54/54F for house purchased in wife name, Deduction allowed for change in jurisdictional High Court with favourable judgment…

4 years ago
  • Income Tax

Exemption 54F before its amendment can be given to residential house purchased outside India

Benefit of exemption u/s 54F before its amendment can be extended to a residential house purchased outside India. ITAT allowed…

4 years ago
  • Income Tax

Exemption u/s 54F could not be denied for fraud by builder in constructing building without NOC

Exemption u/s 54F could not be denied for fraud by builder in constructing building without NOC not disclosed to the…

5 years ago
  • Income Tax

Exemption u/s 54 where part of new residential property used for commercial purposes

Allowability of Exemption u/s 54 where new residential property used partly for commercial purposes . ITAT remanded case for verification…

5 years ago
  • Income Tax

Section 54F exemption not require land on which construction is made must be owned by assessee.

Section 54F exemption not require that land on which construction of property is made must be owned by the assessee.…

5 years ago
  • Income Tax

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment as members of…

5 years ago
  • Income Tax

Deduction u/s 54 allowed for property purchased from wife by General Power of Attorney

Deduction u/s 54 allowed for property purchased from wife by General Power of Attorney as transfer of immovable property by a…

6 years ago
  • Income Tax

Capital gain Exemption u/s 54 allowed for new property purchased in joint names with wife & daughter

Capital gain Exemption u/s 54 can not be denied for new property purchased in joint names of self wife &…

6 years ago
  • Income Tax

Section 54 Exemption 54 Exemption not require utilisation of sale proceeds of original capital asset only – ITAT

Section 54 Exemption not require utilisation of sale proceeds of original capital asset only. Investment out of bank loan and…

6 years ago