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2009 (11) TMI 39 - PUNJAB AND HARYANA HIGH COURTOwnership of house – Capacity of Individual or HUF - Whether in the facts & circumstances of the case, the Ld. ITAT was right in law in not appreciating the fact that as per the mandate of section 27(iii)(b) read with sub-clause (f) of Sec.269UA of the Income Tax Act, the assessee is “owner of the leased property” and is therefore, not entitled for deduction u/s 54F of the Income Tax Act – held that – house was owned by the assessee in individual capacity and not in capacity as HUF – decided in favor of assessee
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