Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]
Considering the same circumstances and issues as those decided in the previous case, the ITAT takes the same stand and allows the exemption under section 54B
By Kavi Priya - On August 28, 2024 6:35 pm - 2 mins read
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) ruled that the capital gain exemption shall not be denied just because the claim was made additionally in the revision assessment. The tribunal stated that if the assessee meets all the conditions of exemption 56B of the Income Tax Act, the AO cannot deny it. Assessee,…
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