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Capital Gain - exemption under section 54F

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Capital Gain - exemption under section 54F
Nipun Mehrotra Vs. Asst C.I.T. 29/03/2007
[2008] 297 ITR (AT) 110 Bangalore

Decision:
Held by the hon`ble bench that section 54F does not mention any sub-section of section 139, thus it cannot be interpreted as section 139(1). The amount of consideration from the sale of shares utilised before the date of filing of return u/s 139(4) is entitled for exemption under section 54F.

By djain128, Section Case Laws
Posted on Wed Aug 20, 2008 at 09:01:40 PM EST
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