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2014 (1) TMI 137 - KARNATAKA HIGH COURTExemption u/s 54F - Held that:- If the material on record shows, prior to sale, the vendor lived there with his family and he has sold the site along with the residential construction, merely because the property is not suitable to the assessee and construction material are kept there, is not a ground to deny exemption under Section 54F of the Act - The orders by the lower Authorities are based on the report submitted by the Inspector who visited the place three years after the sale - Decided against Revenue.
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