Taxpayer Wins Deduction Claim for Residential House Purchase u/s 54; Evidence Supports Claim Over Speculation.

LTCG - Deduction u/s 54 - purchase of residential house - once the assessee has brought on record the evidence to show that the house was in existence and the plot of land was purchased vide registered sale deed, then in the absence of contrary material to disprove the said fact, the claim of the assessee cannot be denied merely on suspicion and conjectures. .....

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