Assessment Reopened u/s 147: Clarification on Section 54F Deduction for New Residential House Construction.

Reopening of assessment u/s 147 - deduction u/s 54F - construction of new residential house - there is no bar in claiming the deduction u/s 54F of the Act against the capital gain proposed to be taxed by the A.O. in the proceedings U/s 147 of the Act. .....

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