ITAT allowed sec. 54 relief to woman who purchased new house jointly in name of married daughter amp; son-in-law

INCOME TAX : Where assessee sold a residential property and invested entire sale consideration on purchase of a new residential property, assessee was entitled to exemption of entire amount invested by her under section 54 even if new residential property was purchased in joint names of assessee, her daughter and son in lawINCOME TAX : Where assessee sold a residential property and invested entire sale consideration on purchase of a new residential property, assessee was entitled to exemption of entire amount invested by her under section 54 even if new residential property was purchased in joint names of assessee, her daughter and son in lawwww.taxmann.com Latest Case LawsRead More

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