TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of HC affirmed the ITAT's ruling, permitting the taxpayer's long-term capital gains (LTCG) deduction under Section 54F. The court determined that owning multiple residential units does not disqualify the taxpayer from claiming the deduction. The HC found no material non-disclosure by the taxpayer regarding the sale of the original asset and subsequent property purchase. The municipal corporation's property records did not evidence any intentional concealment of facts. The deduction claim was therefore upheld, rejecting the tax authority's denial based on multiple property ownership.
TaxTMI 
TaxTMI 
