TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The Appellate Tribunal (ITAT) upheld the appellate order granting relief under Section 54F to the assessee trust. The ITAT found the trust to be a private trust for identified beneficiaries (not a charitable AOP), such that trust income is attributable to beneficiaries; the transaction-purchase of land, sale of flat and reinvestment of capital gains into a residential house-would, absent the trust, have been effected in beneficiaries' names and qualified for exemption under Section 54. Consequently, the CIT(A)'s allowance of Section 54F relief was affirmed and the revenue's challenge dismissed.
TaxTMI 
TaxTMI 
