Assessee cannot claim exemption U/s. 54F and 54EC for investment made by spouse

Shri Raghuram P Nambyar Vs Asst. CIT (ITAT Bangalore) Assessee cannot claim exemption U/s. 54F and 54EC for investment made by spouse; Capital Gain cannot be assessed in the hand of spouse if appellant only is legal owner as per sale deed In this ground, the assessee has raised an alternate plea to contend that if the entire LTCG on sale of the aforesaid property is assessed in the hands of the assessee, Shri Raghuram P Nambyar, then the exemption under Section 54 and 54 EC of the Act as claimed by the assessee’s wife ought to be allowed in the hands of the assessee. This ground was neve...