Assessee engaged in property trading too can claim exemption u/s 54F

IN THE ITAT JODHPUR BENCH Sunil Bhandari versus Assistant Commissioner of Income-tax IT Appeal No. 122 (Jodh.) of 2011 [Assessment year 2006-07] November 30, 2012 ORDER Hari Om Maratha, Judicial Member This appeal of the assessee for the A.Y 2006-07 is directed against the order of the ld. CIT-I, Jodhpur dated 17.3.2011, passed u/s 263 of the Income-tax Act, 1961 [hereinafter referred to as ‘the Act’, for short]. 2. The assessee has been deriving income from ‘dealing in property transactions’. He filed Return of Income [ROI] for A.Y. 2006-07 on 31.07....