A division bench of the Bombay High Court has held that the sale of ‘under construction property’ cannot be regarded as the sale of residential unit fo0r the purpose of denying the benefit of exemption under Section 54F of the Income Tax Act, 1961. The respondent-assessee, an individual filed income tax returns and claimed deduction […]
The post Sale of Under-Construction Property is not Sale of Residential Property: Bombay High Court allows S. 54F Benefit [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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