https://www.taxtmi.com/caselaws?id=801246 Section 54 exemption for capital gains requires unutilised gains to be deposited in the Capital Gains Account Scheme before the section 139(1) return-filing date. This deposit requirement is a mandatory statutory condition, and binding jurisdictional precedent requires strict compliance; contrary High Court decisions have only persuasive value. Capital gains neither utilised nor deposited in the prescribed scheme by the relevant filing date do not qualify for exemption, which remains limited to amounts utilised by that date. en-us Thu, 10 Sep 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801246 Section 54 exemption for capital gains requires unutilised gains to be deposited in the Capital Gains Account Scheme before the section 139(1) return-filing date. This deposit requirement is a mandatory statutory condition, and binding jurisdictional precedent requires strict compliance; contrary High Court decisions have only persuasive value. Capital gains neither utilised nor deposited in the prescribed scheme by the relevant filing date do not qualify for exemption, which remains limited to amounts utilised by that date. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801246