PURCHASE OF TENANCY RIGHTS GIVING POSSESSION, CONTROL AND TRANSFERABLE RIGHT IN FLAT WOULD PROVIDE SEC. 54F RELIEF:-
PURCHASE OF TENANCY RIGHTS GIVING POSSESSION, CONTROL AND TRANSFERABLE RIGHT IN FLAT WOULD PROVIDE SEC. 54F RELIEF:- Section 54F, of the Income-tax Act, 1961 – Capital gains – Exemption in case of investment in residential house:- Where assessee had substantial rights over property which were almost identical to ownership of property, exemption under section 54F was …