The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Hindu Undivided Family (HUF) would be eligible for capital gain exemption under Section 54B of the Income Tax Act 1961 from 01/04/2013. The assessee, Satyawan, had sold 4 Kanal of agricultural land, jointly for the assessee’s share. The appropriate amount had been…
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