Taxpayer's Exemption for Long-Term Capital Gains u/s 54 Upheld: Property Purchased Before Section 139(4) Deadline.

Claim of exemption u/s 54 - LTCG - As the assessee had appropriated the amount of the LTCG towards purchase of the new residential property before the date contemplated under Sec.139(4), benefit of exemption cannot be denied. .....

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