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    <title>CAPITAL GAINS- exemption u/s section 54</title>
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    <description>Where an assessee advances funds to a builder under an allotment and agreement for construction of a flat and pays instalments as construction progresses, that investment is to be treated as construction by the assessee for the purpose of capital gains exemption; a tribunal factual finding that construction funded by the assessee through the builder is treated as the assessee&#039;s construction has been upheld as binding.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=3184</link>
      <description>Where an assessee advances funds to a builder under an allotment and agreement for construction of a flat and pays instalments as construction progresses, that investment is to be treated as construction by the assessee for the purpose of capital gains exemption; a tribunal factual finding that construction funded by the assessee through the builder is treated as the assessee&#039;s construction has been upheld as binding.</description>
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