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1994 (10) TMI 17 - HC - Income Tax
Extract:
.......54 of the Income-tax Act, 1961, was fulfilled despite the user of the flat by the assessee only for a period of 62 days in the two years immediately preceding the date of transfer. We, therefore, answer the question referred to us in the negative and in favour of the Revenue. In the facts and circumstances of the case, we make no order as to costs.