Case Law Details
Case Name : Rajesh Keshav Pillai Vs. ITO (ITAT Mumbai), ITA No. 6661/Mum/2009
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Rajesh Keshav Pillai Vs. ITO (ITAT Mumbai), ITA No. 6661/Mum/2009, Date- 13th August, 2010
In case of multiple sale and purchase of residential houses, the exemption cannot be calculated considering the aggregate of capital gain and aggregate of investment in the residential houses. The exemption will be available in relation to each set of sale and corresponding investment in the residential house and the combination which is beneficial to the assessee has to be allowed.
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