Mumbai ITAT allowed a taxpayer’s Section 54 exemption on investments in multiple residential properties for AY 2013-14, when the law referred to “a residential house”. The Tribunal also allowed ₹20.44 lakh spent on civil and electrical work to make the newly purchased flat habitable.
Mumbai ITAT allowed a taxpayer’s Section 54 exemption on investments in multiple residential properties for AY 2013-14, when the law referred to “a residential house”. The Tribunal also allowed ₹20.44 lakh spent on civil and electrical work to make the newly purchased flat habitable. by Soban News (international And National News)