Case law on capital gain exemption u/s 54

CA Manjunatha R S (Practice) (650 Points)

28 December 2011  

Dear all,

 

One of My Client Purchase a property on JUly 2008 by taking loan & In Sep 2008 He Get A long term Capital Gains amount and same he clear the  loan amount and he claim the Exemption U/s 54.

 

Relating to above plz provide any case law.

 

Thanks  & Regards

Manjunath  R S