Sec. 54F: Original cap gain to be taxed in year of sale of new asset (investment) and not in year of its accrual

March 19, 2015[2015] 55 taxmann.com 187 (Karnataka)

IT: Where investment was made by way of purchasing a plot to avail exemption under section 54F, but after a year said property was sold, capital gain tax would be levied in year of sale of said property and not in original year of capital gain