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

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

Case Law Details

Shri Vivek Jain Vs. DCIT (ITAT Jaipur)

Through the span of evaluation procedures, the assessee had been expected showing cause as to the reasons the reported u/s 54F of the Act, 1961 might not be disallowed, due to the fact home had not been owned into the name of assessee. In reaction, the assessee presented that the consideration for such home had been paid of payment of advance from the assessee received from Narvik Nirman & Financiars Pvt. Ltd. plus it had been further submitted that the newest residential household need not be bought because of the assessee in their very very own title neither is it necessary so it should really be bought solely inside the title. Weiterlesen