Bombay High Court Considers Assessee's Appeal on Section 54 Income Tax Exemption for Multiple Residential Units. Substantial Question Framed Whether Unamended Section 54(1) Income Tax Act, 1961 Permits Set Off of Purchase Cost of Seven Row Houses Against Capital Gains from Sale of Single Flat.
22 Jul 2025The appeal before the High Court of Judicature at Bombay arose from an Income Tax Appellate Tribunal order dated 7 March 2003 that partly allowed the ...
