SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
property, long term capital gain
had arisen, but as the appellants had purchased a new residential
house and the amount of the capital gain had been used for purchase
of the said new asset, believing that the long term capital gain was
Page 4
JUDGMENT
4
not chargeable to income tax as per the provisions of Section
