SHAMIMUL FATIMA,GORAKHPUR vs. ACIT, RANGE - 02, GORAKHPUR

In the result the appeal of the assessee is allowed

3 AY 2013-14 Shamimul Fatima the capital gain has arisen in March 2013. Therefore,he held that assessee should have invested in the property within one year from the date of transaction or should have deposited in the bank under the capital gain scheme. Accordingly, he denied the exemption u/s 54F. 5.The Ld. CIT(A) has confirmed said order