Name appearing in purchase deed won’t establish assessee as owner of residential house for computing sec. 54F relief

INCOME TAX : Where Assessing Officer disallowed exemption under section 54F to assessee on ground that assessee was owner of two other residential properties along with one purchased by him out of consideration from sale of shares, in view of facts that one of those properties was a commercial property and that other residential property was fully owned by wife of assessee and merely name of assessee was included in purchase deed, assessee was to be allowed exemption under section 54F

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195631/name-appearing-in-purchase-deed-won’t-establish-assessee-as-owner-of-residential-house-for-computing-sec-54f-relief.aspx