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Income Tax - Highlights / Catch Notes

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Exemption / deduction u/d 54F - assessee has purchased two ...

Income Tax

May 26, 2012

Exemption / deduction u/d 54F - assessee has purchased two separate flats under two separate agreements - Merely because the assessee has let out the two flats to one person for use as a single unit, the same, in our opinion, cannot entitle the assessee to claim benefit of deduction u/s 54F of the Act. - AT

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