Thursday, February 21, 2019

Sale of booking rights of flat couldn't be treated as sale of residential house; sec. 54F relief available

IT : Where assessee had booked a flat far back in January, 1981 and till time, she sold her rights in flat in year 2005, completion of construction was nowhere in sight it was not a case of sale of residential property and thus assessee's claim for deduction under section 54F in respect of capital gain earned from sale of her right in said flat was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/2NgbnlP

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