https://www.taxtmi.com/caselaws?id=758865 Section 54 relief was unavailable where capital gains from a residential house were reinvested in a residential property outside India for assessment year 2015-16. The provision was amended by the Finance (No. 2) Act, 2014 with effect from 1 April 2015, and the revised language no longer permitted exemption for overseas reinvestment. On that statutory basis, the claimed deduction could not be allowed and the exemption claim was rejected. en-us Fri, 26 Jul 2024 00:00:00 +0530 Thu, 19 Sep 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758865 Section 54 relief was unavailable where capital gains from a residential house were reinvested in a residential property outside India for assessment year 2015-16. The provision was amended by the Finance (No. 2) Act, 2014 with effect from 1 April 2015, and the revised language no longer permitted exemption for overseas reinvestment. On that statutory basis, the claimed deduction could not be allowed and the exemption claim was rejected. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758865