Sec. 54 relief couldn’t be disallowed if investment is made by assessee in his wife’s name

INCOME TAX : Where assessee sold a residential house and invested sale consideration in purchase of a plot of land and had carried out construction of a residential house thereon, mere fact that investment in new property was made in name of his wife could not be a reason for disallowance of deduction under section 54 to assesseeINCOME TAX : Where assessee sold a residential house and invested sale consideration in purchase of a plot of land and had carried out construction of a residential house thereon, mere fact that investment in new property was made in name of his wife could not be a reason for disallowance of deduction under section 54 to assesseewww.taxmann.com Latest Case LawsRead More

Leave a Reply