Section 54F Exemption Allowed Despite Wife’s Name on Property Title; ITAT Deletes Addition of ₹168.55 crore unexplained cash credit

ACIT Vs Jay Bharat Mehta (ITAT Mumbai)

Section 54F Exemption Allowed Despite Wife’s Name on Property Title

In this case, the Assessee claimed a deduction of INR 11,90,58,405/- under Section 54F of the Income Tax Act, 1961, for a residential property purchased in the joint names of the Assessee and his wife duri

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