Section 54F exemption cannot be denied for mere non claim in Return

Sri Manohar Reddy Basani Vs. ITO (ITAT Hyderabad)

Assessing Officer having concluded that the assessee having neither disclosed the capital gains in the return of income nor claimed any deduction u/s 54F of the Act, the assessee is not entitled to get any deduction u/s 54F, in the same way he should not have added the capital gains to the income of

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