Friday, March 1, 2019

Capital Gain Exemption available to House Constructed in HUF’s Plot: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the capital gain exemption under Section 54F of the Income Tax Act, 1961 would be allowable in case where the house has been constructed in the plot of HUF. The Revenue was of the view that for claiming exemption under section 54F, the investment […]

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