https://www.taxtmi.com/forum/issue?id=839 An assessee who purchased a replacement residential property in his wife's name may claim exemption under Section 54 for long term capital gains because the provision does not mandate registration in the assessee's name; benami considerations do not automatically defeat the claim. However, contrasting case law shows exemption was denied under Section 54F for acquisition in a legal heir's name while exemption was upheld under Section 54 in another matter, so outcome depends on the specific provision and facts. en-us Thu, 24 Jul 2008 19:42:06 +0530 Thu, 23 Jan 2025 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=839 An assessee who purchased a replacement residential property in his wife's name may claim exemption under Section 54 for long term capital gains because the provision does not mandate registration in the assessee's name; benami considerations do not automatically defeat the claim. However, contrasting case law shows exemption was denied under Section 54F for acquisition in a legal heir's name while exemption was upheld under Section 54 in another matter, so outcome depends on the specific provision and facts. Discussion-Forum Income Tax Thu, 24 Jul 2008 19:42:06 +0530 https://www.taxtmi.com/forum/issue?id=839