Capital Gain
This query is : Resolved
10 December 2020
My assesse has a capital gain on sale of residential plot. He wants to save the capital gain by investing in a house property. Can he purchase the house in his daughter's (married) name to save the capital gain?
10 December 2020
Vexed issue, however try with CIT Vs. Kamal Wahal 214 Taxman 287 wherein Delhi High court said (for 54 F) new house need not be purchased in assesse's name.
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