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Business

Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said

Source: Times of India 14 Nov 2026, 10:54 PM IST · 41 min ago
Photo: Times of India

A man sold six commercial units in Mumbai and the sales generated long-term capital gains of around Rs 5 crore. He claimed a deduction of the same amount under Section 54F after investing in residential property. For this purpose, he purchased two flats in Wing A of a building but on separate floor…

Read the full story on Times of India Opens timesofindia.indiatimes.com in a new tab
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This is a short summary of a story published by Times of India, shown with a link to the original. The full story, photo and reporting belong to Times of India.

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IndiaCabinet Decisions: किसानों को DAP ₹1,350 में ही, रबी खाद सब्सिडी ₹62,370 करोड़; Noida Metro एक्वा लाइन ग्रेटर नोएडा तक, Stand-Up India 2031 तक बढ़ीNabh24BiharBihar Cabinet: छठ से पहले कर्मचारियों का DA 3% बढ़ा, 31 एजेंडों पर मुहर; गंगा पुल को ₹4,572 करोड़, बिहार AI मिशन और नई भवन विधि को मंजूरीNabh24DelhiDelhi AQI: दिल्ली की हवा फिर 'बहुत खराब', AQI 313 पहुंचा; गुरुवार से पराली का धुआं 20% तक, एक दिन में 927 जगह जली परालीNabh24SportsMohammed Shami Retirement: शमी ने टेस्ट क्रिकेट से लिया संन्यास, डेब्यू के ठीक 13 साल बाद; 64 टेस्ट में 229 विकेट; शास्त्री बोले- 'और क्या साबित करे'Nabh24
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