Wife sold shares for Rs 8.31 crore LTCG, bought husband’s Mumbai property for Rs 7.5 crore and claimed Section 54F exemption; taxman calls it tax avoidance, but ITAT Mumbai gives relief to her

When a woman sold her unlisted shares, she reported long-term capital gains of Rs 8.31 crore. In June 2021, she put Rs 6.91 crore into a residential property on Juhu Tara Road, Mumbai, and claimed exemption under Section 54F.
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