[aaykarbhavan] No sec. 54F relief even if assessee was joint-owner of more than one house on date of sale of asset; SLP dismissed

No sec. 54F relief even if assessee was joint-owner of more than one house on date of sale of asset; SLP dismissed

February 6, 2015[2015] 53 taxmann.com 318 (SC)

IT : Where assessee on date of sale of long-term capital asset owns more than one residential house even jointly with another person, benefit under section 54F in respect of capital gain arising from sale of asset was to be rejected

IT : Where assessee neither produced alleged creditor, nor produced confirmation letter from him, amount standing to credit of such creditor was to be treated as undisclosed income of assessee

 

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