Capital Gain Exemption u/s 54F of I.T Act shall not be Disallowed if amounts for Purchase of Property and Construction were Paid duly within Relevant Period: ITAT [Read Order]

By Aparna. M - On June 16, 2023 9:00 am - 2 mins read

Capital Gain Exemption - Capital Gain - I.T Act - Purchase of Property - Purchase of Construction - ITAT - taxscan

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held capital gain exemption under Section 54F of the Income Tax Act, 1961 should not be disallowed if an amount for purchase of property and construction were duly paid within the relevant period. Sankalp Malik, appeared for the assessee and Sanjay Kumar appeared for…

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