Supreme Court · 2014 INSC 450 · Decided 1 July 2014
SH. Sanjeev Lal ETC.ETC. v. Commissioner of Income Tax, Chandigarh & ANR.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 450 · [2014] 8 S.C.R. 795
- Case number
- CIVIL APPEAL No. 5899/2014
- Decided
- 1 July 2014
- Bench
- ANIL R. DAVE, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 54, 2(47)
Headnote
A B Income Tax Act, 1961: s. 54 - Long term capital gain - Assessee-appellant entered into an agreement to sell his C residential house on 27. 12. 2002 and on 30. 04. 2003 purchased another house but could not complete sale transaction of his residential house due to a suit filed him from dealing with the sale of said house - When the suit was dismissed and stay was vacated, he D executed sale deed and got it registered on 24. 09. 2004 - Entitlement of appellant to avail benefit of s. 54 - Held: Due to interim order, appellant was restrained from dealing with the sale
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