The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax Act, 1961 cannot be disallowed in a case where the assessee, due to ignorance of the law, claimed deduction under section 54F instead of section 54. The Assessing Officer while disallowing […]
The post Capital Gain Exemption can’t be disallowed If Assessee invoked Wrong Provision due to Ignorance of Law: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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