Demolition Is Not Transfer: ITAT Visakhapatnam Upholds Section 54F Exemption Despite Subsequent Demolition of Residential Property In a significant ruling on capital gains exemption under Section 54F of the Income Tax Act, the Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT Visakhapatnam) has held that subsequent demolition of a residential property does not…
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