Section 54F Exemption allowed Even if Residential Flats Constructed alongwith Saleable flats

Nisha Sarawgi Vs ACIT (ITAT Ranchi)

The issue under consideration is whether AO is correct in disallowing the exemption u/s 54F on the ground that residential flat was not constructed after the date of transfer and they were constructed alongwith saleable flats?

ITAT states that, CBDT Circular No.791 dated 2.6.2000 (supra), clarifi

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