Under what circumstances is the exemption under Section 54F denied?

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..... The exemption may be denied if the assessee already owns more than one residential house on the date of transfer of the original asset, with the exception of a house that was acquired within one year .....

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..... will not apply. ​ - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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