PR COMMISSIONER OF INCOME TAX vs. KESHAV DUTT SHREEDHAR

Bench: Hon’Ble Ms. Justice Sabina & Hon’Ble Mr. Justice Satyen Vaidya Income Tax Appeal No. 11 Of 2020 Between:- Pr. Commissioner Of Income Tax, Shimla. ….Appellant (By Sh. Vinay Kuthiala, Senior Advocate With Ms. Vandana Kuthiala, Advocate)

Section 54(1) of the Act to respondent/assessee. It has further been held by the ITAT that the assessee having invested amount in the purchase of new asset within the specified period, the assessee could be said to have acquired substantial domain over the property, entitling him for claim of exemption. 9. To qualify legal requirement to be called