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 because long
term capital gain earned by the appellants had been used for
purchase of a new asset/residential house on 30th April, 2003 i.e.
well within one year from the date of transfer of the house which
resulted into long term capital gain.
20.
The question to be considered by this Court is whether
