Buying a New House in Time Is Enough, Exemption Can’t Be Denied for Mere Non-Deposit in Capital Gains Account: ITAT

HomeDirect TaxBuying a New House in Time Is Enough, Exemption Can’t Be Denied...

Buying a New House in Time Is Enough, Exemption Can’t Be Denied for Mere Non-Deposit in Capital Gains Account: ITAT

Direct Tax

Published on

29/12/2025

By Mariya Paliwala

Buying a New House in Time Is Enough, Exemption Can’t Be Denied for Mere Non-Deposit in Capital Gains Account: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 of the Income Tax Act, 1961 cannot be denied merely because the assessee failed to deposit the unutilised capital gains in the Capital Gains Account Scheme (CGAS), when the investment in a new residential house was completed within…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Buying a New House in Time Is Enough, Exemption Can’t Be Denied for Mere Non-Deposit in Capital Gains Account: ITAT

Membership Required

Latest articles

Russian Crude Makes Up Nearly 50% of India’s Oil Imports in June

Customs Seizes Hydroponic Weed Worth ₹4.83 Crore at Delhi IGI Airport

Validity of Post-GST Service Tax Proceedings Upheld: Gujarat High Court Dismisses Challenge to S. 73 SCN

No Recovery After Repeal: Gujarat HC Sets Aside Excise Demand Based on Omitted S. 3A and R. 96ZQ

More like this

Russian Crude Makes Up Nearly 50% of India’s Oil Imports in June

Customs Seizes Hydroponic Weed Worth ₹4.83 Crore at Delhi IGI Airport

Validity of Post-GST Service Tax Proceedings Upheld: Gujarat High Court Dismisses Challenge to S. 73 SCN

About us

Company

Categories