Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said
A man sold six commercial units in Mumbai and the sales generated long-term capital gains of around Rs 5 crore. He claimed a deduction of the same amount under Section 54F after investing in residential property. For this purpose, he purchased two flats in Wi…
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2 reports · 2 sources
Times of IndiaSold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT saidTimes of IndiaSold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said9 recorded states
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