[aaykarbhavan] Investment in REC bonds out of advance money received in an agreement to sell would qualify for sec. 54EC relief

Investment in REC bonds out of advance money received in an agreement to sell would qualify for sec. 54EC relief

November 13, 2014[2014] 50 taxmann.com 207 (Pune - Trib.)/[2013] 158 TTJ 237 (Pune - Trib.)

IT : Where assessee had invested part of advance money received on agreement to sell of property in specified bonds prior to actual sale, such investment would qualify for exemption under section 54EC

IT: Where assessee's claim for exemption under section 54F was rejected in absence of details regarding investment and ownership of new residential property, and assessee claimed that he was in a position of furnish said details, matter was to be readjudicated

IT : When assessee had objected to stamp duty valuation adopted by Assessing Officer, AO should refer matter to Valuation Officer

IT : Where acquisition of property was by way of Will and previous owner owned it prior to 1-4-1981, relevant year was to be accepted for purpose of indexation

 

Regards

Prarthana Jalan

__._,_.___

---

Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

---

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

• Privacy • Unsubscribe • Terms of Use