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Case Law Details

Case Name : Khalid Sayed Vs Centralized Processing Centre (ITAT Mumbai)
Related Assessment Year : 2014-15
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Khalid Sayed Vs Centralized Processing Centre (ITAT Mumbai)

Introduction: The Income Tax Appellate Tribunal (ITAT) Mumbai recently made a significant ruling regarding capital gain exemption under section 54F of the Income Tax Act for properties purchased outside India. In the case of Khalid Sayed vs. Centralized Processing Centre, the ITAT clarified the eligibility criteria for claiming this exemption, particularly for properties acquired before the Finance Act of 2014. In this article, we will provide a det

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