Denial of exemption claim - Since the land was purchased on 12.3.2003 , it will continue to claim...

Denial of exemption claim - Since the land was purchased on 12.3.2003 , it will continue to claim exemption upto 12.3.2005 but not thereafter and accordingly comes under the ambit of taxable wealth as on 31.3.2005 being the valuation date - AT .....

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