Court :
HC
Brief :
Held by the Ho"ble Bench that section 54 does not prohibit from purchasing property in a foreign country however all other conditions should be satisfied.The Bench also observed that the assessee should be the absolute owner of the new property in order to claim the exemption.
Citation :
(1) Mrs. Prema P. Shah (2) Sanjiv P. Shah Vs. I.T.O.
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