![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]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-Gain-Exemption-Capital-Gain-I.T-Act-Purchase-of-Property-Purchase-of-Construction-ITAT-taxscan.jpg "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]")
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]
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...
![Capital Gain Exemption u/s 54 Cannot be Denied Based on Inadvertent and Bonafide Typographical Error: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-Inadvertent-Inadvertent-and-Bonafide-Typographical-Error-Typographical-Error-ITAT-taxscan.jpg "Capital Gain Exemption u/s 54 Cannot be Denied Based on Inadvertent and Bonafide Typographical Error: ITAT [Read Order]")
![Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-Capital-Gain-Purchase-of-Property-Purchase-of-Property-Property-Husband-and-Son-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]")
![No Proof for Completion of Construction within 3 Years: ITAT denies Capital Gain Exemption Claim u/s 54F of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Completion-of-Construction-ITAT-Construction-Capital-Gain-Exemption-Claim-Income-Tax-taxscan.jpg "No Proof for Completion of Construction within 3 Years: ITAT denies Capital Gain Exemption Claim u/s 54F of IT Act [Read Order]")
![Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Deduction-Capital-Gain-Agreement-Sale-Original-Asset-ITAT-Income-Tax-Taxscan.jpg "Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]")
Setback to Investment in Residential Houses: Union Budget 2023 Proposes Capital Gain Exemption Limit u/s 54 and 54F [Read Finance Bill]
In the Union Budget 2023, the Union Finance Minister Nirmala Sitharaman has proposed the exemption limit of the Capital Gain under section 54 and Section 54F of the Income Tax Act, 1961. According...
Revisional Jurisdiction cannot be invoked If AO took Plausible View after making Proper Inquiry: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the revisional jurisdiction could not be invoked if the Assessing Officer (AO) had taken a plausible view after making proper...
![Revisional Jurisdiction cannot be invoked If AO took Plausible View after making Proper Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Revisional-Jurisdiction-Proper-Inquiry-Inquiry-ITAT-Income-Tax-Tax-taxscan.jpg "Revisional Jurisdiction cannot be invoked If AO took Plausible View after making Proper Inquiry: ITAT [Read Order]")
![Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Income-tax-ITAT-taxscan.jpg "Beneficial Provision of S. 54B of Income Tax Act shall be Interpreted Liberally: ITAT [Read Order]")
![Nature of Capital Gain to be determined based on Agreement/Allotment Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nature-of-Capital-Gain-to-be-determined-based-on-Agreement-Allotment-Date-ITAT-TAXSCAN.jpg "Nature of Capital Gain to be determined based on Agreement/Allotment Date: ITAT [Read Order]")
![Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere Making of a Wrong Claim would not attract Income Tax Penalty: ITAT [Read Order]")
Capital Gain Exemption cannot be denied on ground of Delay in Registration of New Property for reasons beyond control: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that capital gain exemption cannot be denied on the ground of Delay in the registration of new property for reasons beyond the...
![Capital Gain Exemption cannot be denied on ground of Delay in Registration of New Property for reasons beyond control: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-gain-exemption-registration-property-ITAT-TAXSCAN.jpg "Capital Gain Exemption cannot be denied on ground of Delay in Registration of New Property for reasons beyond control: ITAT [Read Order]")
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal ‘B’ Bench, Chennai, has while allowing an appeal filed by the Revenue, held that capital gain exemption u/s 54F is allowable only if the property in question is...
![Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Exemption-ITAT-taxscan.jpeg "Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT [Read Order]")