cooperative society

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cooperative society sold its building for 5 crore in 2014 and purchased new with in 3 months of 4.5 crore but not filed the income tax return for 2014-15 and 2015-16 but has shown in income tax return. so how it can claim exemption now??
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What exemption... May be in your opinion 54....it is applicable only to individuals and HUF, if I am not wrong... Please verify.....
i need to create income tax file.

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