When HUF’s Property is sold, Capital Gain Exemption must be given to More than One Houses: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 should be given to more than one houses when the property of an HUF is sold. Before the Tribunal, the assessee contended that the explanation “a” residential house used in the […]

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