14 June 2013
If an assessee sold a house and renovate another house like construct an additional floor, whether the assessee can enjoy exemption u/s 54 or not?
14 June 2013
in the case of Mrs Meera Jacob VS. ITO, it has been held by the court that exemption is avialable only in case of purchase or construction of new house not for renovation as it does not involve new property
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