No Section 54F exemption on Sale value enhanced under Section 50C

Sunil Miglani Vs DCIT (ITAT Delhi)

The issue under consideration is that the Commissioner of Income Tax (Appeal-IV), Kanpur misdirected him to calculate and assess the long term capital gain on the sale of the property at Rs. 64,07,515/- thereby ignoring all together the investment made in the purchase of the new residential house as provided under section 54F(1)(a) of the Act. The long term c

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