Two house sold, two house bought. What shall be exemption?


Income Tax Tribunal, Mumbai  in case of Rajesh Keshav Pillai vs ITO [2011] 44 SOT 617 while deciding the issue the quantum of exemption u/s 54 held that  in case there is sale of more than one residential house, the exemption will be available in relation to each set of sale and corresponding investment in the…

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