SANJAY GULABCHAND GUPTA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-4, NAGPUR

In the result, appeal by the assessee stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

19,62,411/- u/s Section 54 AY 2017-18 benefit of Rs. 1,58,64,162/- u/s Section 54F 4.13 In this regard it is seen that the assessee has claimed benefit spanning across four years, whereas originally the construction of the house as envisaged by the provisions of Section 54 must be completed within three years after the transfer

SHRI RAJESH DAYARAMANI,,NAGPUR vs. ACIT, CIR-8,, NAGPUR