Capital Gain Exemption u/s 54 Not Available to Repayment of Loan Acquired for Second Property in Different Location: ITAT [Read Order]

Capital Gain Exemption - Repayment of Loan - Second Property - Different Location - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while considering an appeal regarding claim of capital gain exemption under section 54 of the Income Tax Act, 1961 wherein the assessee invested in two properties, held that the second property, being in a different location, the amount of repayment of loan borrowed for acquisitionis…

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