Smt.A.Tamil Ponni vs The Income Tax Officer, Ward IV(3), Trichy, I.T.A.No.3112/Chny/2019, Assessment year : 2008-09, the assessee had sold 76 cents of land at Tharanallur village, Trichy on 25.02.2008 and re-invested the amount in another house which was purchased in the name of her husband. The authorities denied her claim for capital gain deduction under section 54 of the Income Tax Act ITAT for the reason that the re-investment was not made in her own name.
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the name of her husband.
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