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2011 (12) TMI 318 - ALLAHABAD HIGH COURTCapital Gain - Exemption under 54F - AO denied exemption as assessee already owns a flat on date of transfer - Revenue further appealed - Assessee: Tax effect less than 1,00,000 appeal not maintainable - Held That:- On scrutiny it reveled that additions were subject matter of challenge the tax effect was more than one lac there is no prohibition on the right of the Department for filing an appeal and the Board's circular dated 27th March, 2000 would not be attracted in the present case.
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