google-site-verification=2GeE3Sz4UudnlqvBff0NG8dPnRrz0y9xE4vH0HwPrm4 Geetanjali Home State | Best Real Estate Company in Gurgaon: Tax benefit claimed for reinvestment allowed during reassessment: ITAT

Thursday, April 16, 2026

Tax benefit claimed for reinvestment allowed during reassessment: ITAT

A taxpayer can claim capital gains exemption for a new house even without filing an original tax return. The Mumbai ITAT ruled that such claims are valid if made during reassessment proceedings. This decision supports taxpayers by preventing procedural errors from blocking legitimate tax benefits. The case involved a taxpayer who reinvested capital gains in a new property.

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Tax benefit claimed for reinvestment allowed during reassessment: ITAT

A taxpayer can claim capital gains exemption for a new house even without filing an original tax return. The Mumbai ITAT ruled that such cla...