https://www.taxtmi.com/caselaws?id=199178 The Gujarat HC held that the assessee trust was entitled to deduction under section 54 of the Income Tax Act for the sale of a residential property. The court also ruled in favor of the assessee regarding the eligibility for set off of brought forward capital loss despite disclosure in the return of income and during assessment proceedings. en-us Mon, 09 Oct 2017 00:00:00 +0530 Wed, 21 Feb 2018 21:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199178 The Gujarat HC held that the assessee trust was entitled to deduction under section 54 of the Income Tax Act for the sale of a residential property. The court also ruled in favor of the assessee regarding the eligibility for set off of brought forward capital loss despite disclosure in the return of income and during assessment proceedings. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199178