Unregistered Sale Agreement with Spouse Not Enough for 54F Claim: ITAT Hyderabad

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...