Benevolent provision should be interpreted liberally bearing in mind the object for which the provision is enacted
With the above observation, the Karnataka High court held that Section 54 & 54F exemption depends on date of acquisition & not payment.
It ...
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Section 54 & 54F exemption dependent on date of acquisition & not payment
Section 54 & 54F exemption dependent on date of acquisition & not payment
Claim for capital gain exemption is full of interesting litigation and controversy.
Here was one case before Karnataka High Court in M. George Joseph Vs DCIT
I.T.A. No. 238 ...
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The purpose with which the law is enacted is more important for granting capital gain exemption u/s 54 or 54F
The purpose with which the law is enacted is more important for granting capital gain exemption u/s 54 or 54F
Here was one case before Karnataka High Court in M. George Joseph Vs DCIT
I.T.A. No. 238 of 2015 regarding the ...
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