54b exemption

C.M.A SHANKAR JAYAN (Probationary Officer at South Indian Bank)   (140 Points)

14 May 2016  

Hi, One my client made a transfer of a piece of agricultural land and bought another one with in 18 months, but he did not put the money in the capital gain account scheme ( as he was unaware of that), can this be claimed under 54B, if yes is there any case laws in this regard