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Capital gain
Is capital gain deduction applicable on purchase of property to assessee's child name. If not which section.
Replies (2)
According to my limited knowledge , there is only a condition saying it should be "invested", Law not saying it should be invested in assesse's own name. I think there is case law relating to this in which the assessee invested the amount in spouse name and that allowed by that decision.
You can reply on following judgements -
CIT v Ravindar Kumar Arora [2012] 342 ITR 38 (Delhi)
Shri Rampal Hooda (ITA No. 8478/Del/2019
CIT v Ravindar Kumar Arora [2012] 342 ITR 38 (Delhi)
Shri Rampal Hooda (ITA No. 8478/Del/2019
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