Section 54F Exemption allowable even if new residential house is purchased in wife’s name

Section 54F Exemption allowable even if new residential house is purchased in wife's name

Posted: 25 May 2022 08:36 AM PDT

We observed that the exemption was claimed U/s 54F of the Act on this account is Rs. 6,33,190/-. It is further noticed that the Assessing Officer has not disputed the purchase of new house in the name of wife of the assessee though the claim was denied by the AO.