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![Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Deduction-Taxscan-2.jpg "Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]")
Deduction u/s 54 is allowable even when a New Residential House is Purchased within 1 year before Transfer of Capital Asset: ITAT Ahmedabad [Read Order]
Recently, the ITAT Ahedabad bench, in the case of Bhailabhai N Patel v. DCIT Baroda, held that the assessee is entitled to get deduction under section...