https://www.taxtmi.com/caselaws?id=404143 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under Section 54F of the Income Tax Act. The decision favored the non-resident Indian assessee who purchased a new residential property in her husband's name, holding that such purchases in the name of immediate relatives still qualify for exemption under Section 54. The judgment emphasized interpreting tax provisions liberally to encourage investment in residential properties and provide relief to taxpayers. en-us Thu, 04 Feb 2021 00:00:00 +0530 Wed, 17 Feb 2021 09:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404143 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under Section 54F of the Income Tax Act. The decision favored the non-resident Indian assessee who purchased a new residential property in her husband's name, holding that such purchases in the name of immediate relatives still qualify for exemption under Section 54. The judgment emphasized interpreting tax provisions liberally to encourage investment in residential properties and provide relief to taxpayers. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404143