ITO, COIMBATORE vs. SHRI R.VENKATACHALAM, COIMBATORE

In the result, all the appeals filed by the Revenue and the

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

Section 54E of the Act for exemption on long term capital gains if it is invested as prescribed therein. The Ld. D.R. further submitted that the assessee has transferred the capital asset, the immovable property for a total consideration of `37,79,978/- on 17.04.1989, and the assessee claimed exemption of the entire capital gain of `36,68

R.VENKATACHALAM,CHENNAI vs. ITO, COIMBATORE

In the result, all the appeals filed by the Revenue and the