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    <title>Section 54F Exemption: New Home Construction Allowed on Land Bought in Two Parts if Conditions Met.</title>
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    <description>Exemption u/s.54F - construction of new residential house on land purchase of two parts one before sale of assets - If a plot is purchased in contemplation of ensuing construction within a reasonable time even before the transfer of the original asset, there can be no fetters on the allowability of exemption u/s 54F, if other conditions are fulfilled</description>
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      <link>https://www.taxtmi.com/highlights?id=45635</link>
      <description>Exemption u/s.54F - construction of new residential house on land purchase of two parts one before sale of assets - If a plot is purchased in contemplation of ensuing construction within a reasonable time even before the transfer of the original asset, there can be no fetters on the allowability of exemption u/s 54F, if other conditions are fulfilled</description>
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