No denial of Capital Gains Deduction for Non-Deposit in Capital Gains Account Scheme: ITAT [Read Order]

ITAT - ITAT Delhi - Capital Gains Deduction - Capital Gains Account Scheme - Income Tax - taxscan

The Income Tax Appellate Tribunal ( ITAT ) of Delhi bench ruled that  capital gain deduction shall be available even if not deposited in capital gain account scheme. The Assessee Sarita Gupta is a resident individual. When an Information was received by the Assessing Officer indicating that in the year under consideration, the assessee had sold…

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