HUF eligible for Capital Gain Exemption for Property purchased in the Joint Name of Members: ITAT [Read Order]

HUF - Capital Gain Exemption - Property purchased - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the Hindu Undivided Family (HUF) is eligible to claim capital gain exemption under section 54F of the Income Tax Act, 1961 for the property purchased in the joint-name of the members. The assessee, an HUF sold a plot of land and earned capital gain…

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