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Unregistered Sale Agreement with Spouse Not Enough for 54F Claim: ITAT Hyderabad
Case Law Details
- Case Name
- Anand Boddapaty Vs PCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-2022
- Courts
- All ITAT, ITAT Hyderabad
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Anand Boddapaty Vs PCIT (ITAT Hyderabad)
Unregistered Sale Agreement with Spouse Not Enough for Section 54F Exemption – Section 263 Revision Upheld: Capital Gain Exemption Denied on Unregistered Intra-Spouse Property Deal– ITAT Hyderabad
Assessee had sold a property & claimed exemption u/s 54F by purchasing a duplex villa from his wife, Smt. Radha Kumari Boddapaty, for ₹4.40 crore. The transaction was based on an un-registered sale agreement with possession (15.05.2021) because the property was listed as “Prohibited Property” under Government of Telangana notifications, hence...
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