Tag Archives: Construction

Section 54F Allowed even if construction not completed in 3 years

By | October 27, 2015

Facts of the Case  Assessee sold property situated at Dr.Shivaram Karanth Nagar under a sale deed dated 06.10.2008 and capital gain on sale of said property was invested by the assessee by purchasing a residential site at Nagarbhavi, II Stage on 13.10.2008.Assessee on 02.06.2010  obtained approval of the building plan from the local authority namely… Read More »