ITAT: Capital gains tax benefit available even if purchase deed for new flat comes later | Mumbai News
Mumbai: In a ruling that could benefit taxpayers investing in under-construction or redevelopment projects, the Income Tax Appellate Tribunal (ITAT) has held that tax relief on capital gains cannot be denied merely because the final conveyance deed is executed after the prescribed period. The relief is granted provided the taxpayer has acquired enforceable rights in…
