https://www.taxtmi.com/highlights?id=69561 Deduction u/s 54B - LTCG - Assessee technically may have defaulted in not filing the return under section 139(4). But, however, utilized the capital gains for purchase of property before the extended due date under section 139(4). The contention of the revenue that the deposit in the scheme should have been made before the initial due date and not the extended due date is an untenable contention. - AT en-us Wed, 03 May 2023 11:32:53 +0530 Wed, 03 May 2023 11:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69561 Deduction u/s 54B - LTCG - Assessee technically may have defaulted in not filing the return under section 139(4). But, however, utilized the capital gains for purchase of property before the extended due date under section 139(4). The contention of the revenue that the deposit in the scheme should have been made before the initial due date and not the extended due date is an untenable contention. - AT Highlights Income Tax Wed, 03 May 2023 11:32:53 +0530 https://www.taxtmi.com/highlights?id=69561