Dismissing the appeal of the revenue, the Court held that, sale of booking of flat is not sale of residential property. Accordingly entitle for exemption. (AY. 2006-07)
CIT v. Kalpana Hansraj (2019) 261 Taxman 294 / 307 CTR 797/ 176 DTR 217 (Bom.)(HC)
S. 54F : Capital gains-Investment in a residential house-Sale of Booking of flat is not sale of residential property-Entitle for exemption. [S. 2(14), 45]