https://www.taxtmi.com/caselaws?id=297506 The Tribunal upheld the CIT(A)'s decision, restricting the deduction under Section 54 to 50% of the total investment, as the investment was made in joint names. The Tribunal dismissed the appeal of the assessee, emphasizing that Section 54 requires the investment to be in the name of the assessee, citing the precedent in Prakash Vs. ITO. en-us Fri, 13 Jan 2017 00:00:00 +0530 Wed, 08 Sep 2021 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297506 The Tribunal upheld the CIT(A)'s decision, restricting the deduction under Section 54 to 50% of the total investment, as the investment was made in joint names. The Tribunal dismissed the appeal of the assessee, emphasizing that Section 54 requires the investment to be in the name of the assessee, citing the precedent in Prakash Vs. ITO. Case-Laws Income Tax Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297506