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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Disallowing the exemption claimed u/s 54 - Mere nonresidential ...


Section 54 Exemption Valid Even if Property Used Non-Residentially Later, Initial Residential Status Suffices.

April 23, 2014

Case Laws     Income Tax     AT

Disallowing the exemption claimed u/s 54 - Mere nonresidential use subsequently would not render the property ineligible for benefit u/s 54F, if it is otherwise a residential property - AT

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