Dismissing the appeal of the revenue the Court held that assessee having made investment in a residential house in USA prior to 1-4-2015, it would be entitled to claim exemption. CBDT Circular No. 1/2015, dated 21-1-2015 and Circular No. 346, dated 30-6-1982 (AY. 2009-10)
CIT v. Vinay Mishra (2021) 276 Taxman 68 (Karn.)(HC)
S. 54F : Capital gains-Investment in a residential house-investment in a residential house in USA prior to 1-4-2015-Entitled to claim exemption. [S. 45]