Taxpayer Denied Section 54F Deduction for Missing Deadline to Purchase New Home After Asset Transfer. Renovation Not Accepted.

Disallowance of claim u/s 54F - assessee did not purchase new house within the stipulated time of one year prior to the date of transfer of original asset - renovation to old house which was purchased before the date of transfer of original asset will not entitle the assessee to claim deduction u/s 54F .....

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