My Client Sold Shop on June 17
And Taken booking allotment of flat on july 2018
now he want to cancel that booking and want to buy new underconstruction proerty,
so 54F is available or what?
pl advice
CHIRAG DEEPAK GANATRA (CA FINAL) (1054 Points)
27 June 2019My Client Sold Shop on June 17
And Taken booking allotment of flat on july 2018
now he want to cancel that booking and want to buy new underconstruction proerty,
so 54F is available or what?
pl advice
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 28 June 2019
Google for a case law favoring the assessee in similar case. Courts allow the deduction, but restricted at lower level.