SANJAY GULABCHAND GUPTA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-4, NAGPUR

In the result, appeal by the assessee stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

2. Assessee submits that there is no bar in Section 54F for claiming deduction second or third time for the same property if cost of the property is within Sanjay Gulabchand Gupta ITA no.210/Nag./2023 Capital gain arising to Assessee. Therefore in respect of residential property till cost of purchase of property is exhausted by the claim of Capital gain

JEETENDRA CHANDRAKANT NAYAK,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOM TAX(OSD), NAGPUR