Neutral impactCorporate Action
Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said
Times of India 10 hrs ago·14 Nov 2026, 5:24 pm
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 floors. Agreements for both flats were executed and registered on the same date.
Key takeaways
- Category: Corporate Action.
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