Purchased 4 Adjacent Residential Flats- Can Claim Exemption U/S 54F?

Mrs. Kamal Murlidhar Mokashi Vs. ITO (ITAT Pune) Capital Gain-Purchased 4 Adjacent Residential Flats- Can Claim Exemption U/S 54F (With Provisions of Section 54F) In this article I will discuss some clarification (with the judgment of a recent case law) regarding the provisions of Section 54F i.e. Exemption from Capital Gain on purchase of Residential House. But before discussing that let us first know what are the provisions of Section 54F and to whom it is applicable. 1. Eligible Assessee: Individual / HUF 2. Conditions: There must be a transfer of Long Term Capital Asset, not being a resi...