Section 54F exemption on investment out of borrowed funds, in the name of Karta by HUF & On Renovation of Existing Unit

Page ContentsIn this case it was held that Exemption under Section 54F cannot be denied to HUF even if capital asset was purchased in the individual name of coparcener of HUF, for investment out of borrowed fund and on expenses incurred to make existing unit fit for human habitation after purchase.Exemption under Section 54F cannot be denied to HUF even if capital asset was purchased in the individual name of coparcener of HUF.Exemption under Section 54F cannot be denied even if capital asset was purchased out of borrowed fundsExemption under Section 54F cannot be denied on expenses incurred o...