The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54F of the Income Tax Act, 1961 is allowable in case of possession handed over as part performance of the Contract. The assessee was the owner of a 1/4th share in a residential house in Gurgaon. […]
The post Capital Gain Benefit allowable in case of Part Performance of Contract: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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