Basic requirement for claiming relief under s. 54(1) that the assessee should invest the sale proceeds in the construction of another residential house. Whether assessee himself constructs the house or gets it constructed by a contractor or a third ...
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Posts tagged "CIT vs. SMT. BHARATI C. KOTHARI"
Where the plain literal expression of the statutory provisions produces manifestly unjust results, which could never have been intended by the legislature, the Court can modify the language to achieve the intention of the legislature and produce a rational construction.
Where the plain literal expression of the statutory provisions produces manifestly unjust results, which could never have been intended by the legislature, the Court can modify the language to achieve the intention of the legislature and produce a rational ...
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