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Individual Claims Long-Term Capital Gain Deduction u/s 54 for Sale of Property Rights in Flats.

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Full Text of the Document

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....Entitled to claim long term capital gain on transfer of rights in the Flats - Deduction u/s 54 against capital gains arising out of sale of flats - the right over the property in question enjoyed by the assessee, the sale of the said property, the consideration was necessarily in the nature of Long Term Capital Gain - Benefit of LTCG allowed.....