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2005 (9) TMI 586 - AT - Income TaxExtract: ....... it has to be held that the assessee was not the owner of a residential house on the date of transfer of the original asset. Consequently, the exemption under section 54F could not be denied to the assessee. The order of the learned Commissioner of Income-tax (Appeals) is, therefore, upheld.In the result, the appeal of the Revenue stands dismissed.
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