https://www.taxtmi.com/caselaws?id=342274 ITAT MUMBAI - AT held that the assessee is entitled to full exemption under s.54 where the entire consideration for the new jointly-titled property was paid by the assessee for safety reasons. The AO erred in allowing only 50% exemption and the CIT(A) erred in taxing the entire capital gain, given half the old property belonged to the spouse who paid tax on her share. Decision in favour of the assessee. en-us Thu, 27 Apr 2017 00:00:00 +0530 Fri, 05 Sep 2025 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342274 ITAT MUMBAI - AT held that the assessee is entitled to full exemption under s.54 where the entire consideration for the new jointly-titled property was paid by the assessee for safety reasons. The AO erred in allowing only 50% exemption and the CIT(A) erred in taxing the entire capital gain, given half the old property belonged to the spouse who paid tax on her share. Decision in favour of the assessee. Case-Laws Income Tax Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342274