[aaykarbhavan] No concealment penalty if sec. 54F relief was denied because acquisition of house property couldn’t materialize

No concealment penalty if sec. 54F relief was denied because acquisition of house property couldn't materialize

May 20, 2014[2014] 45 taxmann.com 71 (Karnataka)

IT : Where assessee claimed that he had invested sale consideration of a property to purchase another property but due to litigation, deal could not get materialised and he had produced copies of Court paper and had paid LTCG tax and interest, concealment penalty need not be imposed

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use