Capital gain exemption u/s 54F shall be available if assessee purchased Property outside India prior to amendment in Finance Act, 2014: ITAT [Read Order]

By Aparna. M - On September 13, 2023 7:00 am - 2 mins read
Capital gain exemption -Capital gain- assessee purchased Property outside India - purchased Property outside India -amendment in Finance Act - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that capital gain exemption under Section 54F should be available if the assessee purchased property outside India prior to the amendment in Finance Act, 2014. Assessee Khalid Sayed  jointly and equally with his wife Smt. Aditi Khalid Sayed, owned a property which was purchased on 29.10.2003…

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