Taxpayer's Section 54F Deduction for Capital Gains on Converted Asset Upheld by Appellate Authority, No Error Found.

Taxpayer's Section 54F Deduction for Capital Gains on Converted Asset Upheld by Appellate Authority, No Error Found. https://www.taxtmi.com/highlights?id=62928 Disallowance of deduction u/s 54F - assessee has converted his capital asset into stockin- trade and accrued capital gains which he invested in construction of residential unit and claimed exemption under section 54F - the deduction u/s 54F of the Act claimed by assessee is allowable and therefore, we do not find any infirmity in the order passed passed by ld CIT(A). - AT en-us Fri, 15 Apr 2022 12:38:53 +0530 Fri, 15 Apr 2022 12:38:53 +0530 TaxTMI RSS Generator Taxpayer's Section 54F Deduction for Capital Gains on Converted Asset Upheld by Appellate Authority, No Error Found. https://www.taxtmi.com/highlights?id=62928 Disallowance of deduction u/s 54F - assessee has converted his capital asset into stockin- trade and accrued capital gains which he invested in construction of residential unit and claimed exemption under section 54F - the deduction u/s 54F of the Act claimed by assessee is allowable and therefore, we do not find any infirmity in the order passed passed by ld CIT(A). - AT Highlights Income Tax Fri, 15 Apr 2022 12:38:53 +0530 https://www.taxtmi.com/highlights?id=62928