Exemption u/s 54
This query is : Resolved
13 February 2014
Assessee has sold a residential house and capital gain arises on this transaction is used for purchases of land but due to scarcity of fund,assessee has unable to complete the construction on the land.Now i wanted to know whether the assessee can claim the exemption u/s 54 or is there any case law which is in favor of assessee to claim exemption ?
13 February 2014
mention all the time in this case and the amount also invested from capital gain.
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