Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum Sahgal v. ACIT Section 54F of the Income-tax Act, 1961 continues to be one of the most litigated provisions in capital gains taxation-especially when a taxpayer owns a fractional share or jointly-owned residential property. A recurring question appears…
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