Monday, January 18, 2021

Benefit of Sec. 54G exemption isn't available if land was notified as urban land after its sale: High Court

INCOME TAX : Where land sold by assessee was declared an urban land for the purpose of section 54G after its sale and said notification had no retrospective effect, assessee wasn't entitled to claim exemption under section 54G

from www.taxmann.com Latest Case Laws https://ift.tt/2KrZwUI

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...