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Taxpayer Denied Exemption u/s 54F(4) for Failing to Utilize Capital Gains for New House or Deposit.

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Full Text of the Document

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....Eligibility of exemption u/s 54F(4) - the entire amount which was subject to capital gain tax had not been utilized for the purpose of construction of new house nor were the unutilized amounts deposited in the notified Bank Accounts - No exemption - HC....

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