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Taxpayer Granted Capital Gains Exemption u/s 54F Despite Minor Delay Due to Uncontrollable Circumstances.
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....Exemption of capital gains earned u/s 54F - delay in investment - purchase of flat in housing society as per MOU - the consequent delay being minor delay of 5 months that too for reasons beyond the control of the assessee. The intention of the assessee all along was to invest in the new property well within the stipulated time and the delay was for reasons beyond his control and was too immaterial - Benefit of exemption allowed - AT....