SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
Section 54 of the Act in respect of the long term capital
gain can be availed only if a residential house i.e. a new asset is
purchased within one year before or within two years after the date
on which the transfer of the residential house/original asset takes
place. In the instant case, the residential house had been transferred
