https://www.taxtmi.com/caselaws?id=220296 HC allowed deduction under section 54F, holding that the assessee was entitled to relief despite the new residential property being registered in his wife's name. The court applied precedents favoring the taxpayer where a statutory provision admits more than one interpretation and treated section 54F as beneficial, to be liberally construed. The entire purchase consideration was furnished by the assessee, and the provision requires purchase/construction by the assessee but does not mandate title in his name, so disallowance was overturned. en-us Fri, 11 Jan 2013 00:00:00 +0530 Fri, 05 Sep 2025 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220296 HC allowed deduction under section 54F, holding that the assessee was entitled to relief despite the new residential property being registered in his wife's name. The court applied precedents favoring the taxpayer where a statutory provision admits more than one interpretation and treated section 54F as beneficial, to be liberally construed. The entire purchase consideration was furnished by the assessee, and the provision requires purchase/construction by the assessee but does not mandate title in his name, so disallowance was overturned. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220296