Tuesday, March 5, 2019

Capital Gain Exemption can’t be disallowed If Assessee invoked Wrong Provision due to Ignorance of Law: ITAT

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.



from Taxscan | Simplifying Tax Laws https://ift.tt/2ECd1Kp

No comments:

Post a Comment