https://www.taxtmi.com/forum/issue?id=107794 Capital gains were assessed and the taxpayer purchased a vacant plot without development, asking if that purchase supports an exemption claim; the respondent replied that no exemption is available, indicating the purchase of an undeveloped plot without qualifying reinvestment was not seen as a basis to avoid capital gains tax. en-us Thu, 01 Jan 2015 15:15:56 +0530 Thu, 23 Jan 2025 15:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107794 Capital gains were assessed and the taxpayer purchased a vacant plot without development, asking if that purchase supports an exemption claim; the respondent replied that no exemption is available, indicating the purchase of an undeveloped plot without qualifying reinvestment was not seen as a basis to avoid capital gains tax. Discussion-Forum Income Tax Thu, 01 Jan 2015 15:15:56 +0530 https://www.taxtmi.com/forum/issue?id=107794