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The consultant asks whether advances paid for a construction property can be considered reinvested for exemption. The DGT responds that, in line with Supreme Court jurisprudence, two conditions must be met: reinvestment within two years and completion of construction within four years from the start of investment.
Analysis pending. This ruling has been identified and indexed by the automatic ingestion system. BMC's team will complete the plain-language analysis within 24 hours. You may access the official source in the meantime.
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