Query: Can Sec 54 benefits be availed in the following:
Backdrop of the case
- An assessee has sold his residential property and intends to invest in a property which is under pagdi system.
- There will be an agreement registered for the purchase of tenancy rights in the name of the assessee.
- The assessee will be paying rent on a monthly basis thereafter
- All the other relevant conditions u/s 54 are fulfilled
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