https://www.taxtmi.com/caselaws?id=213910 The Tribunal held that the assessee was entitled to exemption under Section 54F for the entire amount invested in the new residential house, despite it being purchased jointly with his wife. The Tribunal found that the wife had no financial contribution and the property was essentially held in trust for the assessee. The AO's decision to restrict the exemption to 50% was overturned, and the Tribunal directed the AO to grant the full exemption for the investment made by the assessee. en-us Fri, 11 Mar 2011 00:00:00 +0530 Tue, 12 Jun 2012 07:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213910 The Tribunal held that the assessee was entitled to exemption under Section 54F for the entire amount invested in the new residential house, despite it being purchased jointly with his wife. The Tribunal found that the wife had no financial contribution and the property was essentially held in trust for the assessee. The AO's decision to restrict the exemption to 50% was overturned, and the Tribunal directed the AO to grant the full exemption for the investment made by the assessee. Case-Laws Income Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213910