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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Exemption u/s 54F - the prior to date on which house was ...


Taxpayer's Section 54F Exemption Upheld: No Other Residential Property Owned Before New Purchase, Exemption Valid.

September 14, 2015

Case Laws     Income Tax     HC

Exemption u/s 54F - the prior to date on which house was purchased, the Assessee was not the owner of another residential house and therefore the exemption under Section 54 read with Section 54F of the Act could not be denied to him. - HC

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