The Kolkata bench of Income Tax Appellate Tribunal (ITAT) reversed the decision of lower appellate authority in restricting the deduction under Section 54 of Income Tax Act regarding investment made in construction of new residential property and directed to grant the assessee the benefit of section 54 within one year before the date of sale […]
The post Sec 54 Benefit allowable for Investment made in New Residential Property within One year before Sale of Old Asset: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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