Sec. 54 relief couldn’t be disallowed if investment is made by assessee in his wife’s name

INCOME TAX : Where assessee sold a residential house and invested sale consideration in purchase of a plot of land and had carried out construction of a residential house thereon, mere fact that investment in new property was made in name of his wife could not be a reason for disallowance of deduction under section 54 to assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198374/sec-54-relief-couldn’t-be-disallowed-if-investment-is-made-by-assessee-in-his-wife’s-name.aspx