Monday, January 27, 2020

Acquiring property on lease for period exceeding 12 year eligible for sec. 54F exemption : ITAT

INCOME TAX: In view of definition as mentioned in section 2(47)(vi), transaction of perpetual lease agreement by which assessee took possession of property for unlimited period, has to be construed as purchase of property within meaning of section 54F

from www.taxmann.com Latest Case Laws https://ift.tt/310OmKy
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