Exemption u/s 54F to HUF allowable even if property is in the name of individuals but purchased from HUF account and with HUF’s PAN

CIT Vs Dinesh Megji Toprani (HUF) (Bombay High Court)- The assessee HUF had sold certain immovable properties and out of the sale proceeds received, purchased immovable properties and claimed benefit of deduction under Section 54F of the Income Tax Act, 1961. The assessing officer w

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