Section 54E-Whether the investment of earnest money or advance received in specified assets before the date of transfer vitiates claim for exemption-Clarification regarding

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..... on regarding Circular No. 359 Dated 10/5/1983 Section 54E of the Income-tax Act, 1961, provides for exemption of long-term capital gains if the net consideration is invested by the assessee in specified assets within a period of six months after the date of such transfer. A technical interpretation of section 54E could mean that the exemption from tax on capital gains would not be avail .....

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