SHITAL PIYUSHKUMAR PATEL,ANAND vs. THE ITO, WARD-4, ANAND
In the result, the appeal of the assessee is allowed
ITA 407/AHD/2024[2009-10]Status: DisposedITAT Ahmedabad23 Oct 2024AY 2009-10
Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal
For Appellant: Shri Mehul K. Patel, A.RFor Respondent: Shri Rignesh Das, Sr. DR
Section 142(1)Section 143(3)Section 54E
HOUSE –
ASSESSEE INVESTING EARNEST MONEY IN SPECIFIED ASSETS
BEFORE DATE OF TRANSFER – WHETHER AMOUNT SO INVESTED
QUALIFIES FOR EXEMPTION
CIRCULAR : NO. 359 [F. NO. 207/8/82-IT(A-II)], DATED 10-5-1983
1. Section 54E provides for exemption of long-term capital gains if the net consideration is invested by the assessee in specified assets within a period of six months
