The Income Tax Appellate Tribunal (ITAT), Rajkot has held that a houseboat purchased for use as a residential house by the assessee is not eligible for capital gain exemption under section 54 of the Income Tax Act. The assessee, who made an investment towards the purchase of houseboat was aggrieved by the order of the […]
The post Houseboat purchased for using as Residential House not eligible for Capital Gain Exemption: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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