Tribunal held that the assessee was not entitled to the claim of deduction under section 54F of the Act as the assessee had failed to deposit the unutilised amount of capital gains in the Capital Gains Scheme account by the date of filing of the return. ( AY. 2013-14)
Sameer Vithalrao Ghanwat v. ITO (2019) 70 ITR 341 (Pune)(Trib.)
S. 54F : Capital gains-Investment in a residential house-Not depositing unutilised amount of capital gains in capital gains Scheme Account by date of filing of return—Not entitled to exemption.[S. 45]