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2012 (6) TMI 230 - ITAT DELHIDeduction claimed u/s 54F of the Income Tax Act – long term capital gain – purchase of new property jointly in the names of the assessee and his wife - The AO allowed 50% of the exemption claimed under sec. 54F of the Act - Held that:-assessee is entitled to benefit of sec. 54F with reference to the total investment of Rs. 3,28,15,000/- invested by him towards purchase of new residential house property purchased in his own name along with his wife. - Decided in favor of assessee.
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