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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Deduction u/s. 54F - assessee has not become the owner of the ...


Assessee Granted Exemption u/s 54F Without Property Ownership Requirement, Aligns With Section 54 Provisions.

August 3, 2019

Case Laws     Income Tax     AT

Deduction u/s. 54F - assessee has not become the owner of the property in question - becoming the owner of the property in question is not required for the purpose of section 54 - Section 54F of the IT Act is parametria with section 54 - Benefit of exemption u/s 54F allowed.

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