Tag: exemption u/s 54G

Exemption u/s 54G nowhere states asset in undertaking shifted in rural area should be acquired in name of assesse only – ITAT In a recent judgment, ITAT Rajkot has held that the primary condition of exemption u/s 54G is that assessee should have made investment in undertaking shifted …

Godown used for storage of explosives qualifies for exemption u/s 54G being a place used for purpose of business of Industrial Undertaking ABCAUS Case Law Citation:ABCAUS 3258 (2020) (02) SC The Hon’ble Supreme Court had dismissed the SLP of the ITD against the judgment of the High Court …