Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the...

Sec 54 Benefit available If Re-Investment in Three Plots is for Common Use of Family: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribute ( ITAT ) in ACIT vs. Reshmi P. Loyalka, held that re-investment in three plots for common use of family can avail benefit under Section 54...