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2014 (11) TMI 1077 - AT - Income TaxClaim for exemption u/s. 54 - time limit for making investment - Held that:- For claim of deduction under section 54 of the Act, the assessee has to make investment within the due date of filing the return u/s. 139(1) of the I.T. Act which the assessee has failed to do so. Thus, the assessee is not entitled for deduction u/s. 54 of the I.T. Act. - Decided against assessee.
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