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Long term capital gain cannot be denied if full payment made

Rajeev B. Shah vs. ITO (ITAT Mumbai)

S. 54F: If the assessee has made full payment to the builder for purchase/ construction of a new residential house but is not able to get the title of the flat registered in his name or is unable to get the possession of the flat within the prescribed period due to fault of the builder, the assessee cannot be denied deduction u/s 54F

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