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Adoption of Stamp Duty Value to Compute Capital Gains Cannot Shrink Section 54F Exemption: Chennai ITAT August 26, 2026
Published in: TaxBuzz
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We are pleased to share with you our latest TaxBuzz, analysing the recent decision of the Chennai Bench of the Tribunal in T. Srikanth v. DCIT.
In this edition, we examine the Tribunal’s ruling that the deeming fiction created u/s 50C, which substitutes stamp duty value as ‘full value of consideration’ for computing capital gains u/s 48, cannot be imported into section 54F to reduce the quantum of exemption available to a taxpayer who has reinvested the entire actual sale consideration in a new residential house.
We trust that you will find this Tax Alert informative and insightful. As always, we look forward to receiving your valuable feedback.
For any details and clarifications, please feel free to write to:
Mr. Rohit Jain, Senior Partner ([email protected])
Mr. Deepesh Jain, Associate Partner ([email protected])
Ms. Arushi Aggarwal ([email protected])
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