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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Capital gains–Deduction under section 54– Investment in new asset after furnishing of return under section 54

Anita Ajay Shad v. ITO Decision: Against the assessee. Capital gains--Deduction under section 54-- Investment in new asset after furnishing of return under section 54 Capital gains Facts: Assessee sold certain property and claimed deduction under section 54 in respect of proceeds. Invested in ...
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