The benefit of the capital gain exemption cannot be denied to a taxpayer on the ground that the income tax return is not filed declaring such income, said the Income Tax Appellate Tribunal (ITAT), Bangalore bench. The assessee sold a residential property but had not filed a return of income for the relevant assessment year. […]
The post Non-filing of Income Tax Return can’t be a ground to deny Capital Gain Exemption: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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