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Man sells ancestral land for Rs 8 cr, claims LTCG; tax dept rejects & adds Rs 6.36 cr

Times of india·5 Oct 2026
Man sells ancestral land for Rs 8 cr, claims LTCG; tax dept rejects & adds Rs 6.36 cr

In the tax return that he filed, the man declared LTCG of Rs 7.73 crore after accounting for certain expenses. He claimed tax exemptions of Rs 2.64 crore under Section 54F, which relates to…

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