https://www.taxtmi.com/highlights?id=40960 Deduction u/s 54 - LTCG - purchase of new residential house - no provision is made by the statue that the assessee should utilize the amount which he obtained by way of sale consideration for the purpose of meeting the cost of the new asset. - Deduction allowed. en-us Tue, 21 Aug 2018 07:54:49 +0530 Tue, 21 Aug 2018 07:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40960 Deduction u/s 54 - LTCG - purchase of new residential house - no provision is made by the statue that the assessee should utilize the amount which he obtained by way of sale consideration for the purpose of meeting the cost of the new asset. - Deduction allowed. Highlights Income Tax Tue, 21 Aug 2018 07:54:49 +0530 https://www.taxtmi.com/highlights?id=40960