When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act can’t be attracted: ITAT [Read Order]

Property - Property - Sale- Agreement- Income- Tax Act -ITAT-TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that when the property claimed is different from the property referred to in the sale agreement then benefit under Section 54 of the Income Tax Act, 1961 cannot be attracted.  The assessee filed a return of income declaring a total income of Rs. 26,64,690/-….

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