Redeveloped inherited property? ITAT Delhi says multiple floors can qualify for capital gains tax exemption(Soban News)

The tribunal held that a taxpayer could claim Section 54 exemption for the basement, ground floor and third floor received after redevelopment, while also directing a revised calculation of capital gains using a registered valuer’s report.

​The tribunal held that a taxpayer could claim Section 54 exemption for the basement, ground floor and third floor received after redevelopment, while also directing a revised calculation of capital gains using a registered valuer’s report. by Soban News (international And National News)