Section 54F Exemption Fully Allowed as Son Listed as Proforma Purchaser: ITAT Pune

Sambhaji Maruti Katkar Vs ITO (ITAT Pune)

ITAT Pune held that exemption under section 54F of the Income Tax Act entirely allowed as entire amount re-invested by the assessee and name of the son taken only as a proforma purchaser.

Facts- The appellant objects to restricting the deduction to 50% of the Purchase cos

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