https://www.taxtmi.com/caselaws?id=339028 The Tribunal upheld the CIT (A)'s decisions on all three issues raised in the case. It ruled in favor of the assessee, allowing renovation charges without bills/vouchers, deduction under section 54 for property purchased in joint names, and deduction under section 54EC for joint investment in NHAI Bonds. The Tribunal emphasized the importance of the source of funds over ownership structure in claiming benefits under the Income-tax Act, 1961, leading to the dismissal of the Revenue's appeal. en-us Mon, 16 Jan 2017 00:00:00 +0530 Fri, 17 Feb 2017 08:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339028 The Tribunal upheld the CIT (A)'s decisions on all three issues raised in the case. It ruled in favor of the assessee, allowing renovation charges without bills/vouchers, deduction under section 54 for property purchased in joint names, and deduction under section 54EC for joint investment in NHAI Bonds. The Tribunal emphasized the importance of the source of funds over ownership structure in claiming benefits under the Income-tax Act, 1961, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339028