https://www.taxtmi.com/caselaws?id=33351 HC held the ITAT could entertain the appeal filed after the assessee's death. The court found the assesee had used sale proceeds to purchase and construct a house in the name of his adopted son with clear intention to vest ownership in the son, thereby lacking any ownership or right required under the scheme of Sections 54/54F. As investment was not in the assessee's name, exemption under Section 54F was disallowed and the capital gains tax demand sustained. The appeal is dismissed. en-us Fri, 12 Sep 2008 00:00:00 +0530 Fri, 17 Jul 2026 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33351 HC held the ITAT could entertain the appeal filed after the assessee's death. The court found the assesee had used sale proceeds to purchase and construct a house in the name of his adopted son with clear intention to vest ownership in the son, thereby lacking any ownership or right required under the scheme of Sections 54/54F. As investment was not in the assessee's name, exemption under Section 54F was disallowed and the capital gains tax demand sustained. The appeal is dismissed. Case-Laws Income Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33351