Purchase of Property within Specified Period of One year before Sale of Capital Asset Allowable as Capital Gain exemption u/s 54F: ITAT [Read Order]

By Aparna. M - On February 17, 2023 10:08 am - 2 mins read
Purchase of Property - Specified Period of One year - before Sale of Capital Asset - Capital Gain exemption - ITAT - Taxscan

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held purchase of property within specified period of one year before sale of capital asset allowable as capital gain exemption under section 54F of the Income Tax Act 1961. Assesee Akshay Janak Shah is an individual engaged in the business of trading in diamonds…

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