https://www.taxtmi.com/highlights?id=58859 Exemption u/s 54F - disallowance being long term capital gain on sale of plot - LTCG - section 54F nowhere envisages that the sale consideration obtained by assessee from the original capital asset is mandatorily required to be utilized for purposes of meeting the cost of the new asset and where the investment made by assessee, although not entirely sourced from capital gain, but, was within stipulated time and more than the capital gain earned by him, the assessee was entitled to exemption under section 54F. - AT en-us Tue, 20 Jul 2021 17:55:59 +0530 Tue, 20 Jul 2021 17:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58859 Exemption u/s 54F - disallowance being long term capital gain on sale of plot - LTCG - section 54F nowhere envisages that the sale consideration obtained by assessee from the original capital asset is mandatorily required to be utilized for purposes of meeting the cost of the new asset and where the investment made by assessee, although not entirely sourced from capital gain, but, was within stipulated time and more than the capital gain earned by him, the assessee was entitled to exemption under section 54F. - AT Highlights Income Tax Tue, 20 Jul 2021 17:55:59 +0530 https://www.taxtmi.com/highlights?id=58859