https://www.taxtmi.com/highlights?id=39996 Disallowance of exemption u/s 54F - assessee failed to deposit unutilized funds in a capital gains account scheme before filing the return of income u/s 139(1) - reopening of assessment - Right given to the assessee u/s 139(4) cannot be lost merely because proceedings were initiated u/s 147 - assessee has filed return u/s 139(1) within the time allowed u/s 139(4) - claim allowed. en-us Tue, 19 Jun 2018 09:27:59 +0530 Tue, 19 Jun 2018 09:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39996 Disallowance of exemption u/s 54F - assessee failed to deposit unutilized funds in a capital gains account scheme before filing the return of income u/s 139(1) - reopening of assessment - Right given to the assessee u/s 139(4) cannot be lost merely because proceedings were initiated u/s 147 - assessee has filed return u/s 139(1) within the time allowed u/s 139(4) - claim allowed. Highlights Income Tax Tue, 19 Jun 2018 09:27:59 +0530 https://www.taxtmi.com/highlights?id=39996