Chat With Russian Brides

Exemption u/s 54F cannot be denied merely for Property buy in wife title

Декабрь 25, 2019

Case Law Details

Shri Vivek Jain Vs. DCIT (ITAT Jaipur)

Through the span of evaluation procedures, the assessee had been expected to demonstrate cause as to the reasons the claimed u/s 54F of this Act, 1961 is almost certainly not disallowed, given that home had not been owned within the name of assessee. In reaction, the assessee presented that the consideration for such property ended up being given out of repayment of advance of the assessee received from Narvik Nirman & Financiars Pvt. Ltd. also it ended up being further submitted that the latest house that is residential not be bought because of the assessee in the very very own title neither is it necessary so it must be bought solely in the title. (далее…)