10 January 2011
a person sell flat for 1.20 cr 4 months back . the person dies after selling the property . can exemption be claimed in 54 if the legal hier invest in property.
10 January 2011
If the required conditions are satisfied, the legal heir can avail section 54 benefit. Citation :- Ramanathan Vs. CIT (1980) 155 ITR 191 (Mad).
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