Applicability of section 54b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2011
Whether Section 54B is applicable for HUF or not as act uses only the word 'Assessee'?
05 October 2011
Section 54B is not applicable to HUF.
Citation :- CIT Vs. G.K. Devarajulu (1991) 191 ITR 211(Mad).
Citation :- CIT Vs. G.K. Devarajulu (1991) 191 ITR 211(Mad).
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