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Section 54 Tax Relief: ITAT Says Delay in Property Registration Cannot Deny Exemption
Court News

Section 54 Tax Relief: ITAT Says Delay in Property Registration Cannot Deny Exemption

ITAT rules that delay in property registration cannot deny Section 54 exemption if capital gains are reinvested on time. Major relief for homebuyers.

Section 54 Income Tax Act Capital Gains Tax ITAT Judgment Property Registration Delay Tax Exemption Real Estate Tax Homebuyers Tax Relief Redevelopment Property Builder Delay Tax Litigation India ITAT Chennai ITAT Mumbai
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ITAT Clarifies Section 54F: Owning Multiple Houses Blocks Capital Gains Exemption
Court News

ITAT Clarifies Section 54F: Owning Multiple Houses Blocks Capital Gains Exemption

ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.

Section 54F ITAT ruling capital gains tax income tax judgments property tax India multiple houses tax exemption one residential house rule redevelopment property tax joint ownership income tax tax planning India Income Tax Act 1961
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