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Income Tax - Highlights / Catch Notes

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Exemption u/s 54F - assessee purchased a residential plot and ...


Exemption Denied u/s 54F for Property Not in Assessee's Name; Must Be in Assessee's Name to Qualify.

June 22, 2016

Case Laws     Income Tax     AT

Exemption u/s 54F - assessee purchased a residential plot and constructed a house in the name of his unmarried daughter who was dependent and before due date of filing of return of income under section 139(1) - exemption should be allowed only in the name of the assessee - Exemption was rightly denied - AT

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