Deduction u/s 54F allowed on house purchased in wife’s name: ITAT

Vidjayane Durairaj –Vidjayane Velradjou Vs ITO (ITAT Chennai)

In the case abovementioned ITAT have held that there is no need to purchase residential property in own name by any assesseee for the purpose of claim of capital gain u/s 54F.

Assessee didnot file return for AY 2012-13. AO received information that assessee had depos

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