https://www.taxtmi.com/caselaws?id=233372 Expenditure used to buy a flat in the wife's name was not treated as transfer under section 48 because it was not directly connected with the capital asset's transfer or supported by any enforceable obligation arising from that transfer, so the deduction was disallowed. By contrast, investment of sale consideration in another residential flat did qualify for relief under section 54(2) even though the new property stood in the wife's name, because the exemption depends on investment in the qualifying residential house and not solely on the title holder; the exact eligible amount was left for verification. en-us Wed, 13 Feb 2013 00:00:00 +0530 Mon, 29 Apr 2013 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233372 Expenditure used to buy a flat in the wife's name was not treated as transfer under section 48 because it was not directly connected with the capital asset's transfer or supported by any enforceable obligation arising from that transfer, so the deduction was disallowed. By contrast, investment of sale consideration in another residential flat did qualify for relief under section 54(2) even though the new property stood in the wife's name, because the exemption depends on investment in the qualifying residential house and not solely on the title holder; the exact eligible amount was left for verification. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233372