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In case assessee purchases new house after the due date prescribed u/s 139(1) Sec. 54 exemption will not be available

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  • In case assessee purchases new house after the due date prescribed u/s 139(1) Sec. 54 exemption will not be available
Posted onon December 27, 2019

Tenet Tax Daily December 21 2019

By tenettax-team
Corporate Tax

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In case assessee purchases multiple residential units in same building Sec. 54 exemption is available
CIT(A) has power to decide stay application and can’t direct assessee to file the application before AO

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