The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the capital gain of multiple years can be claimed against purchase/construction of same new residential house i.e. new asset for the exemption under section 54 of the Income Tax Act subject to fulfillment of other conditions. The revenue had denied the exemption benefit to […]
The post Capital Gain of Multiple Years can be claimed against Purchase of New House: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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