SRI ANAND KUMAR DHANUKA ,RANCHI vs. ITO WARD-1(1), RANCHI
In the result, the assessee’s appeal is allowed
ITA 163/RAN/2018[11-12]Status: DisposedITAT Ranchi31 Jul 2020
Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.163/Ran/2018 ("नधा"रणवष" / Assessment Year:2011-12)
For Appellant: Shri Devesh Poddar, AdvocateFor Respondent: Shri Indrajit Singh, CIT DR
Section 10Section 22Section 263Section 54Section 54F
disallowing the impugned deduction claim for the sole reason that the assessee had not reinvested the impugned long term capital gains in his own name but in the name of his wife. The lower appellate discussion to this effect reads as under:
[5.9]
Section 54 refers to the assessee being an individual or a Hindu undivided family. Importantly, both
