https://www.taxtmi.com/caselaws?id=204293 Interpretation of exemption under Section 54F: the meaning of "full value of consideration" in Section 54F(1) is not governed by the deeming provision in Section 50C; stamp duty valuation is to be treated as full value for computing capital gains under Section 48, but where the cost of the new asset equals or exceeds net consideration the entire capital gain is exempt, provided net consideration is appropriated towards the purchase or deposited in a capital gains account as required by Section 54F(4); consequently deduction under Section 54F is available and restriction of capital gains on that basis is upheld. en-us Fri, 13 Aug 2010 00:00:00 +0530 Fri, 30 Jan 2026 12:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204293 Interpretation of exemption under Section 54F: the meaning of "full value of consideration" in Section 54F(1) is not governed by the deeming provision in Section 50C; stamp duty valuation is to be treated as full value for computing capital gains under Section 48, but where the cost of the new asset equals or exceeds net consideration the entire capital gain is exempt, provided net consideration is appropriated towards the purchase or deposited in a capital gains account as required by Section 54F(4); consequently deduction under Section 54F is available and restriction of capital gains on that basis is upheld. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204293