Capital Gain Exemption u/s 54F cannot be denied on ground of Joint Ownership in Two Residential Flats: ITAT [Read Order]

Capital gain exception - joint ownership - residential flats - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai held that capital gain exemption u/s 54F cannot be denied on grounds of joint ownership in two residential flats. The assessee, Manoj Tekriwal, is an individual and is engaged in the business of trading in shares and securities. During the year, the assessee has derived income from salary,…

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