Capital Gain Exemption On Investment In Two Adjoining Properties

DCIT Vs Priyanka Bhaskar Shah (ITAT Mumbai)

Disagreeing with this view, Ms. Priyanka appealed to the Commissioner of Income Tax (Appeals) [CIT(A)], who ruled in her favor, treating the two flats as a single unit. The Revenue then appealed to the ITAT, which remanded the case back to the Assessing Officer, instructing physical verificati

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