https://www.taxtmi.com/highlights?id=50701 LTCG - withdrawal of exemption u/s 54B - sale of new land within lock in period - In the case on hand, we are concerned with the capital gains with respect to the first transaction, i.e. the sale of urban agricultural land. We are not concerned with the second transaction of the sale of the rural agricultural land. - the assessee would be required to pay tax on the exemption claimed earlier. en-us Fri, 13 Dec 2019 17:20:47 +0530 Fri, 13 Dec 2019 17:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50701 LTCG - withdrawal of exemption u/s 54B - sale of new land within lock in period - In the case on hand, we are concerned with the capital gains with respect to the first transaction, i.e. the sale of urban agricultural land. We are not concerned with the second transaction of the sale of the rural agricultural land. - the assessee would be required to pay tax on the exemption claimed earlier. Highlights Income Tax Fri, 13 Dec 2019 17:20:47 +0530 https://www.taxtmi.com/highlights?id=50701