Capital Gain Exemptions u/s 54F are Beneficial Provisions, To be Interpreted Liberally: ITAT [Read Order]

Capital Gain Exemptions - Capital Gain - Beneficial Provisions - Interpreted Liberally - ITAT - Liberally - income tax - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that Capital gain exemptions under Section 54F of the Income Tax Act, 1961 are beneficial provisions, therefore it should be interpreted liberally. Section 54F of the Income Tax Act provides exemptions to long term capital gains earned by the assesee from capital…

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