Case Law Details
Case Name : S. Krishna Kumar Vs Assistant Commissioner of Income-tax (ITAT Chennai)
Appeal Number : IT Appeal No. 837 (MDS.) OF 2012
Date of Judgement/Order : 04/05/2012
Related Assessment Year : 2007-08
Courts :
All ITAT 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
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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?