Deduction u/s 54F can be claimed to the extent of amount of Capital Gain utilized till Filing of Income Tax Return: ITAT [Read Order]

Deduction - us 54F - Capital Gain - Filing - Income Tax Return - ITAT - Incometaxreturnfiling - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the deduction under section 54F of the Income Tax Act, 1961 can be claimed to the extent of amount of capital gain utilized till the filing of the income tax return. The Assessee sold a flat at Mahesh Cooperative Society, Vasundhra Enclave, on a…

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