Taxpayer Eligible for LTCG Exemption u/s 54/54F by Investing Basement Sale Proceeds in Residential Property.

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....Section 54/54F - exemption eligibility - LTCG - investment in residential property out of amount received from sale of basement - the basement is part and parcel of the same building, therefore, we cannot do any violence to the section and the provision has to be read as it is. - AT....