The Delhi ITAT bench has ruled that in order to claim

The Delhi ITAT bench has ruled that in order to claim 

The Delhi ITAT bench has ruled that in order to claim capital gain exemption under Section 54, the builder must have begun construction, if not completed. However, because construction has not yet begun, the property in which part of the capital gains was invested has continued to be plot for all purposes and intent, and thus capital gain exemption under Section 54 is not allowable. (ITA No.1060/Del/2020)



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