https://www.taxtmi.com/caselaws?id=180243 Exemption for reinvestment of capital gains under sections 54 and 54EC cannot be curtailed merely because the new residential property and bonds are held in joint names. Where the assessee paid the entire consideration from her own sale proceeds, the presence of another name on the conveyance does not by itself negate the exemption or justify restricting it to 50%. The analysis treats the source of investment as determinative and notes that the statute does not prohibit joint title where the assessee's funds were used for the acquisition. Accordingly, the exemption is available on the full amount invested by the assessee. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 18 Mar 2016 18:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180243 Exemption for reinvestment of capital gains under sections 54 and 54EC cannot be curtailed merely because the new residential property and bonds are held in joint names. Where the assessee paid the entire consideration from her own sale proceeds, the presence of another name on the conveyance does not by itself negate the exemption or justify restricting it to 50%. The analysis treats the source of investment as determinative and notes that the statute does not prohibit joint title where the assessee's funds were used for the acquisition. Accordingly, the exemption is available on the full amount invested by the assessee. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180243