deduction u/s 54

  • Income Tax

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed being bonafide typographical mistake ABCAUS Case Law Citation:ABCAUS 3739…

12 months ago
  • Income Tax

Capital Gain Exemption u/s 54 & 54F limited to Rs. 10 crores

Capital Gain Exemption u/s 54 and 54F for investment in residential house limited to Rs. 10 crores Section 54 and…

1 year ago
  • Income Tax

Deduction u/s 54 – Assessee cannot be blamed for the delay in housing projects by builder

Deduction u/s 54. Assessee cannot be blamed for the delay in housing projects by the builder as sections 54 and…

2 years ago
  • Income Tax

Sale of property was LTCG as assessee held it from the date of advance payment

Sale of property was long term capital gain as assessee held it from the date of advance payment and balance…

3 years ago
  • 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 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

Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed

Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property', is a term of widest…

5 years ago
  • Income Tax

No denial of exemption u/s 54 when assessee invested entire capital gain in purchasing land to construct house

When assessee invested entire capital gain in purchasing land to construct residential house, there cannot be any denial of exemption…

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 deduction us 54 54F for belated returns u/s 139(4) allowable-ITAT

Capital gain deduction us 54 54F allowable for belated returns u/s 139(4). Value of stamp duty authorities us 50C(3) to…

7 years ago