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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

House property conveyed to the assessee by means of settlement ...


House with Mother's Life Interest Excluded from Residential Property Count for Section 54F Tax Exemption Eligibility.

July 4, 2016

Case Laws     Income Tax     AT

House property conveyed to the assessee by means of settlement deed subject to his mother's life interest over such property cannot be considered as one of the residential houses for the purpose of denying exemption u/s 54F for counting more than one house property

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