ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]

By Kalyani B. Nair - On June 30, 2023 11:30 am - 2 mins read
ITAT - capital gain exemption - not exclusive owner of multiple residential - properties other family members - income tax - taxscan

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), allowed capital gain exemption on assessee who is not exclusive owner of multiple residential properties occupied by other family members. The appellant/assessee, Zainul Abedin Ghaswala, is an individual who filed a return of income declaring total income. The return of income filed by the assessee…

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