Sum deposited in capital gain scheme is taxable only after expiry of 3 years from date of sale of capital asset

INCOME TAX : Where assessee sold a property and deposited capital gain in capital gain account scheme, her claim for deduction under section 54F was to be allowed and such capital gain amount could only be charged to tax after expiry of three years from date of sale of a property if same was not utilised for construction of new residential house as assessee's income for said third year

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