54 f exemption

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My Client Sold Shop on June 17

And Taken booking allotment of flat on july 2018

now he want to cancel that booking and want to buy new underconstruction proerty,

so 54F is available or what?

 

pl advice

Replies (1)

Google for a case law favoring the assessee in similar case. Courts allow the deduction, but restricted at lower level.

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