ITAT Jaipur Confirms Full Section 54F Exemption Despite Son’s Name in Sale Deed

Daulat Singh Haldea Vs ITO (ITAT Jaipur) Joint purchase with son doesn’t dilute s.54F relief; assessee entitled to 100% exemption despite name in sale deed Jaipur Tribunal partly allowed Assessee’s appeal. Tribunal upheld disallowance of ₹5 lakh transfer expenses relating to sale of immovable property for want of any supporting evidence, noting that Assessee failed to substantiate payment of brokerage before AO, CIT(A) or even Tribunal. However, Tribunal set aside order of CIT(A) restricting exemption u/s 54F to 50% and held that Assessee was entitled to 100% exemption u/s 54F, despite p...