https://www.taxtmi.com/caselaws?id=471494 Section 54F exemption depends on the assessee investing the capital gain in a new residential property. Where the assessee invested the entire long-term capital gain in a house jointly recorded with a spouse and son, joint ownership did not by itself restrict the assessee's investment or ownership to a one-third share. The son's separate contribution through a bank loan did not alter the assessee's investment of the full capital gain. Exemption remains available despite joint registration where the assessee made the qualifying investment, unlike circumstances in which the investment is exclusively in the spouse's name. en-us Wed, 09 Aug 2023 00:00:00 +0530 Mon, 07 Sep 2026 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471494 Section 54F exemption depends on the assessee investing the capital gain in a new residential property. Where the assessee invested the entire long-term capital gain in a house jointly recorded with a spouse and son, joint ownership did not by itself restrict the assessee's investment or ownership to a one-third share. The son's separate contribution through a bank loan did not alter the assessee's investment of the full capital gain. Exemption remains available despite joint registration where the assessee made the qualifying investment, unlike circumstances in which the investment is exclusively in the spouse's name. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471494