1. In first case it is the denial of applicability of the section, where as in second case it is the reversal of the deduction claimed.
2. Tax liability in first case is in the same year of sale of original asset. While for second case the tax liability arises when the new HP is purchased/constructed.
Karia Overseas
Ahmedabad
CA
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Aggarwal Sarawagi and Co
New Delhi
CA
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SSGS and Associates
Chennai
CA Inter
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