ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition:
The Tribunal upheld the addition of Rs 8.5 lakh as long-term capital gains after rejecting a Section 54 claim raised during reassessment proceedings.
ITAT Upholds Tax on Rs 8.5 Lakh Capital Gains
Vanshika verma
Jul 12, 2026
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ITAT Denies Section 54 Exemption Claim Made During Reassessment, Upholds LTCG Addition
The Tribunal upheld the addition of Rs 8.5 lakh as long-term capital gains after rejecting a Section 54 claim raised during reassessment proceedings.
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Vanshika verma
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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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