Way out for company assessee

pawan tewari ( ) (544 Points)

11 June 2015  

A company assessee sold land resulting in capital gains.However, the fund was invested in flat for which company wont get any benefit u/s 54. Further time limit of 6 months has expired to invest money in REC /NHAI bonds. Is there any way out from this situation so that assessee not get taxed for Capital gains because the amount is huge(Around 2200000 cap gains)