Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]

ITAT - ITAT Delhi - Capital Gain - Capital Gain deduction - taxscan

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gain deduction should not be denied even if new property purchased in the name of spouse. The assessee Simran Bagga, is a non-resident individual residing in the United Arab Emirates. For A.Y. 2020-21, the Assessee filed a revised return of income by claiming…

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