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1990 (10) TMI 122 - ITAT BOMBAY-DExtract: ....... purpose of applying of section 54 should be the date on which the flat was ready for occupation by the assessee. Taking that date as the date of purchase, is within the period of one year and therefore the capital gains are clearly exempt from tax applying the provisions of section 54. 9. In view, of the above facts, we allow the assessee s appeal
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