Does Section 54F tax exemption apply if LTCG is used to buy property from spouse? Here's what the ITAT ruling says

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The Mumbai ITAT ruled that a genuine property purchase from a spouse cannot be denied Section 54F tax exemption merely because it results in tax savings. The tribunal found no evidence of tax avoidance and allowed a taxpayer's ₹6.92 crore exemption claim after the tax department challenged it.

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Does Section 54F tax exemption apply if LTCG is used to buy property from spouse? Here's what the ITAT ruling says

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