Deduction Denied: Ownership of Two Properties Disqualifies Assessee from Section 54F Benefits for Long-Term Capital Gains.

Deduction Denied: Ownership of Two Properties Disqualifies Assessee from Section 54F Benefits for Long-Term Capital Gains. https://www.taxtmi.com/highlights?id=65576 Deduction u/s. 54F - LTCG - Claim denied since the assesse was owning two house property - Assessee claimed that these properties are Farm House / Commercial property instead - assessee’s claim of agricultural activity and dairy activity is not substantiated with proof of evidence - Claim was rightly denied - AT en-us Sun, 11 Sep 2022 18:43:13 +0530 Sun, 11 Sep 2022 18:43:13 +0530 TaxTMI RSS Generator Deduction Denied: Ownership of Two Properties Disqualifies Assessee from Section 54F Benefits for Long-Term Capital Gains. https://www.taxtmi.com/highlights?id=65576 Deduction u/s. 54F - LTCG - Claim denied since the assesse was owning two house property - Assessee claimed that these properties are Farm House / Commercial property instead - assessee’s claim of agricultural activity and dairy activity is not substantiated with proof of evidence - Claim was rightly denied - AT Highlights Income Tax Sun, 11 Sep 2022 18:43:13 +0530 https://www.taxtmi.com/highlights?id=65576