SHRI. BRINDAVAN BEHARI KRIPA TRUST,MUMBAI vs. DY CIT CPC , BANGALORE

In the result, appeal filed by the assessee is treated as allowed for statistical purposes

54F of the Act providing deduction/exemption from the capital gain if a new asset is purchased from out of sale consideration 3 Shri Brindavan Behari Kripa Trust of the old asset, i.e., the provisions of section 11(1A) may be used by the assessee, if it has purchased a new capital asset out of the sale consideration of the capital