https://www.taxtmi.com/caselaws?id=384101 The Tribunal ruled in favor of the assessee, allowing the deduction claimed under Section 54F of the Income Tax Act. It held that the term "assessee" should be interpreted liberally to include the spouse, citing previous judgments supporting this view. The Tribunal emphasized that Section 54F is a beneficial provision and granted the deduction despite the property being in the husband's name. The appeals were partly allowed, with the Tribunal ruling in favor of the assessee on July 31, 2019. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 06 Aug 2019 08:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384101 The Tribunal ruled in favor of the assessee, allowing the deduction claimed under Section 54F of the Income Tax Act. It held that the term "assessee" should be interpreted liberally to include the spouse, citing previous judgments supporting this view. The Tribunal emphasized that Section 54F is a beneficial provision and granted the deduction despite the property being in the husband's name. The appeals were partly allowed, with the Tribunal ruling in favor of the assessee on July 31, 2019. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384101