https://www.taxtmi.com/highlights?id=53257 Deduction u/s 54F - Clubbing of exempt long term capital gain income of minor children - to find out whether there is any profit or gain chargeable to tax u/s 45(1), the provisions of both the sections are to be read together. Section 54F cannot be read in isolation - CIT(A) was not justified in denying the exemption of capital gain to the minors, which was invested in capital gain accounts scheme (CGAS). en-us Fri, 01 May 2020 12:17:40 +0530 Fri, 01 May 2020 12:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53257 Deduction u/s 54F - Clubbing of exempt long term capital gain income of minor children - to find out whether there is any profit or gain chargeable to tax u/s 45(1), the provisions of both the sections are to be read together. Section 54F cannot be read in isolation - CIT(A) was not justified in denying the exemption of capital gain to the minors, which was invested in capital gain accounts scheme (CGAS). Highlights Income Tax Fri, 01 May 2020 12:17:40 +0530 https://www.taxtmi.com/highlights?id=53257