https://www.taxtmi.com/highlights?id=47864 Exemption u/s 54 - sale of residential property OR vacant land with malba - From the Clause of collaboration agreement, it can be seen that what was transferred / handed over to the builder was the existing structure of the residential property - assessee permanently dis-possessed of 2nd floor onwards in old and new residential property which was long term assets - since new residential property was acquired within two years from the date of transfer - eligible for deduction en-us Fri, 12 Jul 2019 08:21:19 +0530 Fri, 12 Jul 2019 08:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47864 Exemption u/s 54 - sale of residential property OR vacant land with malba - From the Clause of collaboration agreement, it can be seen that what was transferred / handed over to the builder was the existing structure of the residential property - assessee permanently dis-possessed of 2nd floor onwards in old and new residential property which was long term assets - since new residential property was acquired within two years from the date of transfer - eligible for deduction Highlights Income Tax Fri, 12 Jul 2019 08:21:19 +0530 https://www.taxtmi.com/highlights?id=47864