https://www.taxtmi.com/caselaws?id=181190 Section 54 deduction depends on the assessee's actual contribution to the purchase of the new residential house, rather than joint ownership shown in the purchase document. Where the assessee funded the investment, inclusion of family members' names for conveyance convenience does not reduce the deduction to their stated ownership shares. Transfer fees and related cooperative-society charges may be deducted in computing capital gains where they are incurred wholly and exclusively for transferring the property or society shares. The relief is available to the extent of the assessee's proven investment and the transfer expenditure accepted on the evidence. en-us Fri, 29 Apr 2011 00:00:00 +0530 Sat, 09 Apr 2016 09:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181190 Section 54 deduction depends on the assessee's actual contribution to the purchase of the new residential house, rather than joint ownership shown in the purchase document. Where the assessee funded the investment, inclusion of family members' names for conveyance convenience does not reduce the deduction to their stated ownership shares. Transfer fees and related cooperative-society charges may be deducted in computing capital gains where they are incurred wholly and exclusively for transferring the property or society shares. The relief is available to the extent of the assessee's proven investment and the transfer expenditure accepted on the evidence. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181190