Case Law Details
Case Name : Smt. Waheeda Asif Abbas Vs The Income Tax Officer (ITAT Chennai)
Appeal Number : ITA No.3354/Chny/2016
Date of Judgement/Order : 03/12/2018
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Chennai
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Smt. Waheeda Asif Abbas Vs ITO (ITAT Chennai)
The Assessing Officer disallowed the claim of the assessee under Section 54F of the Act on the ground that the assessee’s husband was not having any share in the property sold by the assessee. Since the investment was made in the na
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shop bought at mira road in joint names of me and my wife in 1994. shop given on rent. L&L agreement signed by me only. monthly rent received in my name, deposited in my bank a/c, shown in my tax returns. shop sold 3 months ago. sale agreement signed by both of us, but the full cheque drawn in my name. Should the full profit (gains) be shown only in my returns or can both of us share the gains equally ?