Tag Archives: IT APPEAL NO. 6792 (MUM.) OF 2016

Section 54 relief allowed for property purchased jointly with brother : ITAT

By | May 2, 2017

Facts of the Case Assessee was the owner of a flat in Jai Mahavir Apartment, J.P. Road at Andheri (West) jointly with his wife Mrs. Manisha J. Faria. The said flat was sold for Rs. 1,02,55,000/-. The assessee computed long term capital gains at Rs. 43,01,665/- being 50% share in the property. The assessee invested… Read More »