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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Disallowance of claim u/s 54F - assessee did not purchase new ...


Taxpayer Denied Section 54F Deduction for Missing Deadline to Purchase New Home After Asset Transfer. Renovation Not Accepted.

June 5, 2019

Case Laws     Income Tax     AT

Disallowance of claim u/s 54F - assessee did not purchase new house within the stipulated time of one year prior to the date of transfer of original asset - renovation to old house which was purchased before the date of transfer of original asset will not entitle the assessee to claim deduction u/s 54F

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