https://www.taxtmi.com/caselaws?id=293722 The ITAT allowed the assessee's appeal, confirming eligibility for deduction under Section 54 of the Income Tax Act. The Tribunal held that the extended period for filing returns under Section 139(4) applies, allowing the assessee to claim the deduction despite not depositing the capital gains in a capital gain account scheme by the due date under Section 139(1). The AO's addition was deleted, and the order was pronounced on 20/06/2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Wed, 13 Nov 2024 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293722 The ITAT allowed the assessee's appeal, confirming eligibility for deduction under Section 54 of the Income Tax Act. The Tribunal held that the extended period for filing returns under Section 139(4) applies, allowing the assessee to claim the deduction despite not depositing the capital gains in a capital gain account scheme by the due date under Section 139(1). The AO's addition was deleted, and the order was pronounced on 20/06/2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293722