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Income Tax - Highlights / Catch Notes

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Exemption u/s 54 - scope of the term 'a residential house' – ...

Income Tax

August 29, 2013

Exemption u/s 54 - scope of the term 'a residential house' – construction of 7 flats - AO not correct in restricting the exemption under section 54F of the Act to only one flat by interpreting the words “a residential house“ in a manner which has been held to be an incorrect interpretation - AT

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