Sir/Madam
Is Capital Gain arising on sale of a residential property in the name of an individual utilised to purchase a new joint residential property in the name of self and spouse eligible for deduction u/s 54?
Sir/Madam
Is Capital Gain arising on sale of a residential property in the name of an individual utilised to purchase a new joint residential property in the name of self and spouse eligible for deduction u/s 54?
He can take help of judgments of Delhi High Court in the case of CIT Vs Ravinder Kumar Arora and CIT Vs Kamal Wahal.
Thank you.
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