Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal
Appeal Against OrderIncome Tax
The ITAT upheld a Section 54F deduction as capital gain compliance was met on time, dismissing the revenue's appeal. This decision clarifies the requirements for claiming deductions on capital gains. The ITAT's ruling protects taxpayers from being denied legitimate deductions due to minor technicalities.
