Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?

Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption? Income Tax Appellate Tribunal - Mumbai Bombay Housing Corporation vs Assistant Commissioner Of Income  ... on 14 February, 2001 Equivalent citations: 2002 81 ...
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Acquisition of new flat in an apartment under construction should be considered as a case of “Construction” and not “Purchase”

Mustansir I Tehsildar vs. ITO (ITAT Mumbai) CONCLUSIONS: Section 54:Acquisition of new flat in an apartment under construction should be considered as a case of “Construction” and not “Purchase”. The date of commencement of construction is not relevant for purpose of ...
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