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Income Tax - Highlights / Catch Notes

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LTCG - Deduction u/s 54 - investment was made in the name of her ...

Case Laws     Income Tax

January 6, 2024

LTCG - Deduction u/s 54 - investment was made in the name of her spouse and not in the name of the Assessee - Section 54F/54 of the Act are the beneficial provisions which should be interpreted liberally in favour of the exemption/deduction to the taxpayer and deduction should not be denied. - AT

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