Denial of exemption u/s 54F - LTCG - No case law has been ...

Income Tax

August 18, 2020

Denial of exemption u/s 54F - LTCG - No case law has been brought to our notice wherein two distinctly placed properties have been allowed for claim of deduction u/s 54F. Keeping in view, the geographical distances, the investment in two differently placed properties cannot be termed to be “a residential house” even after resorting to liberal interpretation of “a residential unit”. - AT

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Denial of exemption u/s 54F - LTCG - No case law has been ...

Income Tax

August 18, 2020

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