S. 54F Exemption can be claimed for residential house purchased outside India

IN THE ITAT BANGALORE BENCH ‘C’ Vinay Mishra Versus Assistant Commissioner of Income-tax IT Appeal No. 895 (Bang.) of 2012 s.p. no. 124 (Bang.) of 2012 [ASSESSMENT YEAR 2009-10] OCTOBER  12, 2012 ORDER Jason P. Boaz, Accountant Member This appeal and stay petition by the assessee are directed against the order of the Commissioner of Income-tax (Appeals)-III, Bangalore, dated June 26, 2012 for the assessment year 2009-10. 2. The facts of the case, in brief, are as under : The assessee is a director of M/s. Marketics Technologies (India) P. Ltd., Bangalore and deri...