Assessee Denied Section 54F Exemption for LTCG Due to Ownership of Two Residential Flats at Asset Transfer Time.

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....Exemption u/s 54F - long term capital gains (LTCG) - it is undoubtedly clear that as on the date of transfer of original asset, the assessee has owned two residential flats. Therefore, the assessee is not eligible for exemption u/s 54F - AT....