Physical verification : Where assessee earned long-term capital gain on sale of equity shares and invested sale proceeds in two adjoining residential flats and claimed exemption under section 54F but said claim was allowed in respect of one flat only, since no physical verification was conducted to verify claim of assessee that two flats were combined into one flat, matter was to be remanded back to Assessing Officer – DCIT v. Priyanka Bhaskar Shah – [2024] 166 taxmann.com 415 (Mumbai – Trib.)
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