Tag Archives: Advances paid

Advances paid for purchase of Machinery amount to utilization u/s 54G

By | October 30, 2015

Advances paid for purpose of purchase and/or acquisition of plant/machinery, and land/building amount to utilization by assessee of capital gains under section 54G SUPREME COURT OF INDIA Fibre Boards (P.) Ltd. v. Commissioner of Income-tax, Bangalore A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NOS. 5525 – 5526 OF 2005 AUGUST  11, 2015  A… Read More »