Case Law Details
Case Name : Smt. S. Uma Devi Vs CIT (ITAT Hyderabad)
Related Assessment Year :
Courts :
All ITAT ITAT Hyderabad
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Section 54F – Assessee cannot be presumed to be owner of Property Purchases by Minor Daughter Out of own resources
Office space, situated in a commercial complex cannot be treated as residential House Property despite showing rent as Income from House Property.
The ld CIT raised query at para 2.1 of 263 order that the assessee had disclosed long term capital gain on sale of undivided share in land situated at Rajat Manzil, Somajiguda, Hyderabad at Rs.2,18,46,264 and long term gain of Rs.26,54,263 on sale of land at Ramantapur. He stated that she had admittedly invested an amount of R...
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It is suggested that likewise interest earned by Minor daughters should also not be clubbed with the income of either of parent