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Examption of 54 for sale of plot

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Querist : Anonymous (Querist)
24 October 2016 assessee sale of plot at 31.08.2014 land and builsding used for business - and purchases of new plot 30.09.2014 for use of self business purposes and construcation of 2 rooms only - Assessing officer say claim of section 54 of income tax of capital gain not applicable and liable for tax

how to aviod the capital gain tax and give me a case law for this problem

25 October 2016 Section 54 exemption not available in view of sale of business property and buying another property used for business.



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