18 March 2024
Sir Assessee earned a LTCG in the AY 2021-22, purchased property to claimed deduction U/s 54-F. However all these transactions had not been shown in his ITR for AY 2021-22. Now there is scrutiny proceeding U/s 143(2). During course of assessment proceedings can assessee claim the benifit of 54F. Please advise
18 March 2024
this article may help you - https://database.taxsutra.com/articles/dccd01188bee37a836c51cc7aeab15/expert_article#:~:text=An%20assessee%20is%20entitled%20to,course%20of%20the%20assessment%20proceedings.
CAclubindia
