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Court Allows Exemptions on Long-Term Capital Gains for Relinquished Flat Rights u/ss 54 and 54F.

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....Capital gain - LTCG - capital asset u/s 2(14) - Exemption u/s 54/54F - Right in the asset relinquished/ surrendered after booking of flat - Period of holding - surplus/ compensation received - the assessee in the present case claimed right in the asset, which was remained in the ownership of assessee for more than 36 month when it was relinquished/ surrendered - Benefits allowed - AT....

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Court Allows Exemptions on Long-Term Capital Gains for Relinquished Flat Rights u/ss 54 and 54F.