Skip to content
Browse
LatestWorldBusinessSci & TechEntertainmentSportsHealthGames

Edition

GLGlobalUSUSACACanadaUKUKINIndiaPKPakistanSGSingaporeAUAustralia

Sections

Appearance

AboutSourcesContactPrivacy

Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said

A man sold six commercial units in Mumbai and the sales generated long-term capital gains of around Rs 5 crore. He claimed a deduction of the same amount under Section 54F after investing in residential property. For this purpose, he purchased two flats in Wing A of a building but on separate floors. Agreements for both flats were executed and registered on the same date.

First reported by Times of India 1 source
Image: Times of India
Image: Times of India
Read at Times of India(opens in a new tab)

Full coverage

Every report we found on this story, oldest first. Each links to the original publisher.

  1. Times of India

    Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said (opens Times of India in a new tab)

    A man sold six commercial units in Mumbai and the sales generated long-term capital gains of around Rs 5 crore. He claimed a deduction of the same amount under Section 54F after investing in residential property. For this purpose, he purchased two flats in…

Something wrong with how we've grouped or summarised this story? Report a problem

More in India

More