Legal Ownership of Property Decides Capital Gains Tax Liability Despite Son's Financial Involvement and Loan Interest Claim.

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....Capital gain - legal owner of property - entire funds at the time of purchase of property was paid by his son the entire sale consideration is also received by her son - merely because interest of housing loan is claimed by the son of the assessee in his computation it is not make him the owner of the property. In this case, the legal owner of the property is assessee who has transferred the property by registering sale deed. - AT....