HC allows sec. 54F relief even if sum wasn’t deposited in Capital Gain Scheme before due date of filing ITR

INCOME TAX: Where assessee invested sale proceeds of old asset in new property before due date of filing belated return and took possession within three years, she was entitled to exemption under section 54F though she had not invested sale proceeds in Capital Gain Account Scheme before due date of filing of return under section 139(1)INCOME TAX: Where assessee invested sale proceeds of old asset in new property before due date of filing belated return and took possession within three years, she was entitled to exemption under section 54F though she had not invested sale proceeds in Capital Gain Account Scheme before due date of filing of return under section 139(1)www.taxmann.com Latest Case LawsRead More

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