Applicant Qualifies for Section 54 Deduction: Invested Capital Gains in London Property Before 2014 Amendment.

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....Deduction u/s 54 eligibility - Applicant was entitled to the benefit provided by section 54, on account of his investment in a residential house in London, out of the capital gains arisen in India - prior to the prospective amendment made w.e.f 01.04.2015 by the Finance Act, 2014. - AAR....