Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised…
Deduction u/s 54F for house purchased from father in law allowed when he was assessed to long term capital gain…
Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property', is a term of widest…
Malba charges was rejected as cost of investment for claiming deduction u/s 54F as there was no occasion for purchasing…
No disallowance u/s 54EC for delay in cheque clearance for investment in REC Bonds which was attributable to the banking…
When entire investment/payments for flat purchase was made by the assessee in the name of his daughter, the capital gain…
Section 50C has no application in case the entire net sale consideration has been applied for acquiring the new house…
Exempted income can not be taxed even if no revised return filed. AO in proceedings u/s 143 can not refuse…
Deduction us 54B for land purchased in wife’s name disallowed by ITAT following the judgment of Punjab & Haryana High…
Sale deed between wife-husband held as colourful device to avoid tax liabilities. Exemption u/s 54F denied on the basis of…