https://www.taxtmi.com/highlights?id=50746 Exemption under Section 54F - whether the property acquired by the assessee by means of perpetual lease for unlimited period would amount to purchase? - for all practical purposes, the acquisition of property by perpetual lease exceeding the period of twelve years, has to be construed as purchase within the meaning of Section 54F. en-us Tue, 17 Dec 2019 15:32:54 +0530 Tue, 17 Dec 2019 15:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50746 Exemption under Section 54F - whether the property acquired by the assessee by means of perpetual lease for unlimited period would amount to purchase? - for all practical purposes, the acquisition of property by perpetual lease exceeding the period of twelve years, has to be construed as purchase within the meaning of Section 54F. Highlights Income Tax Tue, 17 Dec 2019 15:32:54 +0530 https://www.taxtmi.com/highlights?id=50746