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2011 (1) TMI 1460 - AT - Income TaxExtract: .......in depriving the exemption legitimately claimed by the assessee u/s 54F of the Act. The AO, is, therefore, directed to allow the assessee’s claim for exemption u/s 54F of the Act to the tune of ₹ 2,16,61,670/-. 7. In the result, the appeal of the assessee is partly allowed. Pronounced in the open court on this 21st day of January, 2011.
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