Post-search scrutiny assessment remains available where original assessment limitation is unexpired, permitting timely completion under regular assess...
Long-term capital gain exemption u/s 54F denied - appellant utilized entire sale consideration for residential house construction before return filing - failed to establish conditions for exemption - did not deposit unutilized capital gains in specified account before due date, construction not completed within 3 years from sale date, and ownership of more than one property at time of sale not proved - appeal dismissed.
Long-term capital gain exemption u/s 54F denied - appellant utilized entire sale consideration for residential house construction before return filing - failed to establish conditions for exemption - did not deposit unutilized capital gains in specified account before due date, construction not completed within 3 years from sale date, and ownership of more than one property at time of sale not proved - appeal dismissed.
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