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Sec. 54F – House owned by wife not to be considered
Case Law Details
- Case Name
- S. Krishna Kumar Vs Assistant Commissioner of Income-tax (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- ITAT Chennai
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IN THE ITAT CHENNAI
S. Krishna Kumar
V/s.
Assistant Commissioner of Income-tax
IT APPEAL NO. 837 (MDS.) OF 2012 – ASSESSMENT YEAR 2007-08
Date of Decision – MAY 4, 2012
ORDER
N.S. Saini, Accountant Member –
This is an appeal filed by the assessee against the order of the CIT-I, Tiruchirappalli, dated 28.3.2012.
2. The assessee has challenged the jurisdiction of the CIT in initiating proceedings u/s 263 of the Act by taking five grounds of appeal and also challenged the denial of deduction u/s 54F by taking ten grounds of appeal.
3. The Authorized Representat...
Sir,
I have a question relates to above case,
If an assessee do not have any house property nor his wife have any property.
in that case if assessee purchase a house property in the name of his wife from the amount he get from ltcg then, Is it exempted u/s 54f or not?