SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
54. PROFIT ON SALE OF PROPERTY USED
FOR RESIDENCE.
(1) Subject to the provisions of sub-section (2),
where in the case of an assessee being an individual or
a Hindu undivided family, the capital gain arises from
the transfer of a long-term capital asset, being
buildings or lands appurtenant thereto, and being a
residential house
