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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Deduction u/s 54 - property sold was in the sole name of the ...


Taxpayer Wins Deduction u/s 54: Joint Property Purchase with Spouse Qualifies When Funded Solely by Taxpayer.

January 12, 2017

Case Laws     Income Tax     AT

Deduction u/s 54 - property sold was in the sole name of the assessee and the property purchased was in the joint names of the assessee and his wife - the consideration for acquisition of the new asset has flown from the assessee - deduction allowed - AT

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