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Income Tax - Highlights / Catch Notes

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Exemption u/s 54F - assessee was owner of two flats on the date ...

Income Tax

April 18, 2019

Exemption u/s 54F - assessee was owner of two flats on the date of transfer of capital assets, one was co-owned - owns more than one residential house - a co-owned property cannot be termed as fully and wholly owned by him, thus exemption cannot be denied

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