https://www.taxtmi.com/caselaws?id=402866 The Tribunal upheld the decision to restrict the long term capital loss claimed by the assessee due to joint ownership of a property with her daughter. The Tribunal found that both parties were joint owners based on legal documentation and transactions, rejecting the argument that the daughter was included for posthumous transfer convenience. Emphasizing shared ownership and responsibilities, the Tribunal dismissed the appeal, highlighting the importance of legal title and registration in determining ownership rights and preventing misuse of ownership claims. en-us Fri, 20 Nov 2020 00:00:00 +0530 Thu, 14 Jan 2021 11:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402866 The Tribunal upheld the decision to restrict the long term capital loss claimed by the assessee due to joint ownership of a property with her daughter. The Tribunal found that both parties were joint owners based on legal documentation and transactions, rejecting the argument that the daughter was included for posthumous transfer convenience. Emphasizing shared ownership and responsibilities, the Tribunal dismissed the appeal, highlighting the importance of legal title and registration in determining ownership rights and preventing misuse of ownership claims. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402866