High Court Intervenes: Allows Withdrawal from Capital Gains Scheme Account After Assistant Commissioner's Objection Overruled u/s 54F.

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....Deduction u/s 54F - withdrawal of Amount Deposited with the Bank of India in terms of Capital Gains Scheme Accounts, 1988 - With all possible loopholes having been plugged cementing the same with the affidavit tendered before this Court additionally pursuant to the submissions made by the learned senior standing counsel, Ms.Maithili Mehta, the action of the Assistant Commissioner, Income Tax dated 20.10.2021 whereby he denied to issue the No Objection Certificate for the balance withdrawal of the deposit deserves and warrants interference. - HC....