Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]

Capital Gain Exemption - Property Purchased - Constructed - stipulated period - ITAT - taxscan

The Pune Bench Income Tax Appellate Tribunal ( ITAT ) has held that capital gain exemption cannot be allowed as no property purchased or constructed within the stipulated period U/S 54F. The assessee, Asha BhausahebThube, with five others have entered into the transaction of sale of immovable property for the total consideration of Rs.12,50,00,000/- and…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan AdFree

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹599 + GST for 1 year

Subscribe Now

Asha BhausahebThube vs Income Tax Officer

Counsel for Appellant:   Shri Kishore B Phadke

Counsel for Respondent:   Shri S.P.Walimbe


Related Stories