Deduction claimed u/s 54 - LTCG - since the purchase of new ...
Assessee denied Section 54 deduction for LTCG as new property bought in wife and daughter's names.
December 18, 2018
Case Laws Income Tax AT
Deduction claimed u/s 54 - LTCG - since the purchase of new property/flat is in the name of assessee’s wife and adult daughter and not in assessee’s own name, the assessee is not eligible to claim deduction u/s 54
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