SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
11.
The learned counsel appearing for the appellants had mainly
submitted that the authorities below and the High Court had
committed an error in interpretation of Section 54 of the Act.
According to him, though the property in question had been
apparently transferred on 24th September, 2004 and the new asset i.e.
new residential house
