Court :
HC
Brief :
Held by the hon`ble bench that section 54F does not mention any sub-section of section 139, thus it cannot be interpreted as section 139(1). The amount of consideration from the sale of shares utilised before the date of filing of return u/s 139(4) is entitled for exemption under section 54F.
Citation :
Nipun Mehrotra Vs. Asst C.I.T. 03/29/2007
[2008] 297 ITR (AT) 110 Bangalore
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