Income Tax Exemption can’t be allowed on Failure of Deposit in Capital Gains Scheme Account before ITR Due Date: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax exemption under section 54 cannot be allowable if the assessee failed to deposit the amount in the capital gains scheme account within the due date of filing the income tax return. As per the provisions of section 54F(4) of […]

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