House purchased in name of assessee’s widow daughter is eligible for Sec. 54F exemption: ITAT

INCOME TAX : Where assessee had invested sale consideration on transfer of Capital Asset in purchasing a new residential property in name of his married widowed daughter, Assessing Officer to grant exemption under section 54F on such amount investedin his daughter’s nameINCOME TAX : Where assessee had invested sale consideration on transfer of Capital Asset in purchasing a new residential property in name of his married widowed daughter, Assessing Officer to grant exemption under section 54F on such amount investedin his daughter’s namewww.taxmann.com Latest Case LawsRead More

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