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Income Tax - Highlights / Catch Notes

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Exemption u/s 54 - LTCG - Since the construction was admittedly ...

Income Tax

February 4, 2019

Exemption u/s 54 - LTCG - Since the construction was admittedly in progress, it may not be fit for human habitation as claimed by the Revenue authorities. But, the fact is that the assessee has invested the entire capital gain in purchasing the land and to construct the building, which is not in dispute.

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