Capital Gain Deduction can’t be denied on ground of Procedural Lapses: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the benefit of section 54 of the Income Tax Act, being a beneficial provision, cannot be denied to the assessee due to non-compliance of procedural requirements. The assessee, an individual, and a senior citizen, received her share from the sale of an immovable property, […]

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