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Case Law Details

Case Name : Y. Manjula Reddy Vs ITO (ITAT Bangalore)
Related Assessment Year : 2008-09
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Y. Manjula Reddy Vs ITO (ITAT Bangalore)

The next impediment in the minds of the tax authorities was that the plot was purchased jointly in the name of the assessee and her husband and hence it should be held that both held 50% right each and hence the assessee could have purchased only her husband’s share only. We are unable to agree with this logic. There is no dispute that the assessee has actually given funds for the acquisition of the property. When the assessee’s husband has not given money for purchase of property

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