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2018 (8) TMI 1194 - AT - Income TaxDeduction u/s 54 - purchase of Residential Property in Joint Name - AO disallowed 50% claim of the assessee whereas 100% investment was made by the assessee - Held that:- assessee is entitled to the benefit of deduction of - under section 54 of the Act towards capital gain on the premise that the entire amount towards consideration of purchase of flat at Nandnavan Housing Co-operative Society has been paid by the assessee and merely because his father’s name has been inducted as jointowner, the said claim cannot be denied. - Decided in favor of assessee.
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