2017 (8) TMI 1563

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....udgment: V.Ramasubramanian, The Revenue has come up with the above appeal under Section 260A of the Income Tax Act, 1961, raising the following substantial questions of law: (i) Whether on the facts and in the circumstances of the case, the order of the Tribunal is not perverse in holding that the assessee is entitled for exemption u/S.54F of the Act? and (ii) Whether, on t....

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.... the claim under Section 54F. It was on the ground that the investment made by the assessee was in the name of his wife and not in his name. 4. However, the Commissioner (Appeals) allowed the appeal filed by the assessee and the said order was also confirmed by the Tribunal. Aggrieved by the concurrent orders passed by the Commissioner (Appeals) and the Tribunal, the Revenue has come up with th....