Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband [Read Order]

Wife - Capital Gain Exemption - Money - Acquisition of Property - Reimbursement - Husband - Taxscan

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for capital gain exemption in respect of money given for the acquisition of the property either directly to the builder or as reimbursement to her husband. The agreement for the purchase of property was first entered by the…

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