https://www.taxtmi.com/caselaws?id=289422 The Rajasthan High Court ruled in favor of the assessee, allowing the deduction under section 54F for the residential property purchased in the name of the assessee's wife. The court emphasized that the legislation does not specify the investment should be in the assessee's name, supporting deductions for investments made in the spouse's name. Additionally, the court verified the ownership of residential houses, accepting the affidavit provided by the assessee as evidence of single ownership, meeting the deduction condition. The appellate tribunal granted the deduction based on legal interpretations and evidence presented. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 30 Jul 2020 09:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289422 The Rajasthan High Court ruled in favor of the assessee, allowing the deduction under section 54F for the residential property purchased in the name of the assessee's wife. The court emphasized that the legislation does not specify the investment should be in the assessee's name, supporting deductions for investments made in the spouse's name. Additionally, the court verified the ownership of residential houses, accepting the affidavit provided by the assessee as evidence of single ownership, meeting the deduction condition. The appellate tribunal granted the deduction based on legal interpretations and evidence presented. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289422