https://www.taxtmi.com/caselaws?id=383362 The court held that the unutilized capital gain amount under Section 54F(4) must be charged under Section 45 as income of the previous year after the expiry of three years from the date of sale of the capital asset. The petitioner is entitled to withdraw the deposited amount, subject to applicable tax deductions. The respondent was directed to consider the petitioner's application in Form-G in light of these observations. The writ petition was disposed of with these directions. en-us Thu, 18 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383362 The court held that the unutilized capital gain amount under Section 54F(4) must be charged under Section 45 as income of the previous year after the expiry of three years from the date of sale of the capital asset. The petitioner is entitled to withdraw the deposited amount, subject to applicable tax deductions. The respondent was directed to consider the petitioner's application in Form-G in light of these observations. The writ petition was disposed of with these directions. Case-Laws Income Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383362