LTCG Deduction Delay Due to CMDA Plot Restrictions, Exemption Allowed After Construction Completed Post-October 2017.

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....Deduction u/s. 54 - LTCG - delay towards the impugned construction period - This means that any plots which are not approved by CMDA shall not be permitted for registration or for any other activity like construction after 09.09.2016. Hence the appellant could not start the construction and was waiting for the final outcome of the Judgment. Ultimately, when the legal and procedural environment became clear, the assessee constructed it after 13th Oct 2017. - Benefit of exemption allowed - AT....