Exemption limit under section 54GB is capped by the amount of the capital gain realized. Under section 54GB the exemption allowable against capital gains is capped by the amount of capital gain; the exemption cannot exceed the quantum of the capital gain being claimed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption limit under section 54GB is capped by the amount of the capital gain realized.
Under section 54GB the exemption allowable against capital gains is capped by the amount of capital gain; the exemption cannot exceed the quantum of the capital gain being claimed.
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