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Section 54F of Income Tax Act,1961, Income Tax

Issue Id: - 108933
Dated: 23-7-2015
By:- Raju Mahendrakar

Section 54F of Income Tax Act,1961


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Assessee transferred long term asset. The transferred assets are 2sites. He has purchased residential house within stipulated time as per sec 54F. Whether capital again arising on both sites are eligible for deduction U/S 54F. Explain with decided case law.

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