Tag Archives: 64(1A)

Assessee not deemed owner of Properties Clubbed under section 64(1A) which has been purchased from Independent Sources

By | October 20, 2015

  Facts of the Case ;- Assessee sold capital assets and invested a part of it in a new residential house and claimed exemption under section 54F . Issue : Commissioner disallowed same by holding that assessee owned more than one residential houses on date of transfer of original asset . Held Even if, incomes… Read More »