Assessee Denied Deduction u/s 54F for Purchasing Two Properties Within One Year of Asset Transfer.

Assessee Denied Deduction u/s 54F for Purchasing Two Properties Within One Year of Asset Transfer. https://www.taxtmi.com/highlights?id=48405 Deduction u/s 54F - assessee purchased two properties - the requirement of the proviso is that if the assessee purchases any residential house other than the new asset within the period of one year after the date of transfer of original asset, deduction is not allowable u/s. 54F (1) - hence assessee is not eligible for deduction en-us Mon, 05 Aug 2019 07:51:27 +0530 Mon, 05 Aug 2019 07:51:27 +0530 TaxTMI RSS Generator Assessee Denied Deduction u/s 54F for Purchasing Two Properties Within One Year of Asset Transfer. https://www.taxtmi.com/highlights?id=48405 Deduction u/s 54F - assessee purchased two properties - the requirement of the proviso is that if the assessee purchases any residential house other than the new asset within the period of one year after the date of transfer of original asset, deduction is not allowable u/s. 54F (1) - hence assessee is not eligible for deduction Highlights Income Tax Mon, 05 Aug 2019 07:51:27 +0530 https://www.taxtmi.com/highlights?id=48405