Bought multiple homes after selling one property? This ₹23.76 crore tax case has an important lesson for homeowners

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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.

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Bought multiple homes after selling one property? This ₹23.76 crore tax case has an important lesson for homeowners

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