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2013 (11) TMI 1550 - AT - Income TaxClaim of investments u/s 54B and 54F - Assessee sold long term capital asset i.e. agricultural land - CIT(A) allowed claim - Held that:- No reason to interfere with the order of learned CIT(A) as it was rightly held that Assessee is entitled to exemption under both section 54B & 54F of IT Act and they are not mutually exclusive and independent of each other. Similar view was taken by various judicial forums including that of coordinate bench, Hyderabad in the case Sri Venkata Raman Uma Reddy Vs. DCIT [2013 (1) TMI 744 - ITAT HYDERABAD] - Decided in favour of assessee.
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