Exemption u/s 54F cannot be denied merely for Property Purchase in spouse title

Exemption u/s 54F cannot be denied merely for Property Purchase in spouse title

Case Law Details

Shri Vivek Jain Vs. DCIT (ITAT Jaipur)

Throughout the span of assessment procedures, the assessee had been asked to demonstrate cause as to the reasons the reported u/s 54F of this Act, 1961 might not be disallowed, once the home had not been owned within the title of assessee. In reaction, the assessee presented that the consideration for such property had been given out of payment of advance of the assessee received from Narvik Nirman & Financiars Pvt. Leggi tutto “Exemption u/s 54F cannot be denied merely for Property Purchase in spouse title”