Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT Chennai - The Economic Times

Man sells property for Rs 48 lakh, reinvests it in a land in Chennai to construct house and claims Section 54 tax exemption; but runs into construction delay for more than three years; tax dept denies Section 54 tax exemption; he wins case in ITAT Chennai for this reason

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