Capital gains

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  1. Braj Bhushan Lohray

    Braj Bhushan Lohray New Member

    Sir
    I have sold a property in 2010 and incurred capital gain of rs 56 lacs. I booked a property against that amount in 2010 itself. However even after six years I am yet to get possession of the property even though entire amount was paid before 2013.
    Now my question is: if I can buy a property ready to move in by selling the property booked under capital gains in 2010 and avail benefit of capital gain incurred in 2010. It is already 6 years from the date of booking the property.
    Please advise with some evidence of rules or Court ruling in favor of my query.
    Thanks n regards
    Dr Lohray
    Mo 09924084549
     
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