Assessee retains eligibility for Section 54 exemption after investing in FDRs and using a loan for new asset purchase.

Assessee retains eligibility for Section 54 exemption after investing in FDRs and using a loan for new asset purchase. https://www.taxtmi.com/highlights?id=16358 The assessee having parked its funds in FDRs with banks, of sale proceeds of the old assets and utilized housing loan for the purchase of new asset, does not disentitle the assessee from the benefit of exemption u/s 54 - AT en-us Sat, 14 Dec 2013 10:18:42 +0530 Sat, 14 Dec 2013 10:18:42 +0530 TaxTMI RSS Generator Assessee retains eligibility for Section 54 exemption after investing in FDRs and using a loan for new asset purchase. https://www.taxtmi.com/highlights?id=16358 The assessee having parked its funds in FDRs with banks, of sale proceeds of the old assets and utilized housing loan for the purchase of new asset, does not disentitle the assessee from the benefit of exemption u/s 54 - AT Highlights Income Tax Sat, 14 Dec 2013 10:18:42 +0530 https://www.taxtmi.com/highlights?id=16358