Continue on TOI App
Open App
Login for better experience!
Login Now
Welcome! to timesofindia.com
TOI+
Follow us on

Mumbai: No tax benefits on house sale if new flat is in wife’s name, says I-T Tribunal

TNN / Dec 13, 2018, 14.21 PM IST

The Income-Tax Appellate Tribunal (ITAT)'s Mumbai bench recently denied a taxpayer I-T benefits available when long-term capital gains arising from sale of a residential property are invested in a new house. The sole reason for the denial was that the taxpayer bought the new house in his wife and adult daughter's names.

03:09
Uttarakhand: Heavy rains cause massive destruction in Pipalkoti, roads and buildings damaged
03:22
Temple tragedy: At least 9 killed as temple in Shimla collapses due to heavy rainfall
02:25
Security beefed up in Delhi ahead of Independence Day
03:02
Doda's iconic Ganpat Bridge illuminated with Tricolour splendor to celebrate Independence Day
04:33
Watch: Waterlogging in Chennai following heavy rains
03:47
Mumbai-Ahmedabad bullet train project: SC dismisses plea by Godrej & Boyce challenging Bombay HC order on land acquisition
01:26
Anand Dighe's home is Shiv Sena's new central office
03:58
Freebies galore in poll-bound Karnataka: Congress promises 10kg free rice to all BPL families, if voted to power
06:41
Ahead of Standing Committee polls, AAP Councillor Pawan Sehrawat joins BJP
07:47
Need collective work to meet global challenged like climate change and high debt levels: PM Modi
08:54
India & Trump's Russian Oil Trade Claims CLASH | 'Energy Security Of 1.4 Bn Supreme Priority'
10:22
Budget 2026: Indian FM’s Huge Income Tax Announcement | Latest Slabs, Old & New Regime Rates
44:07
'Delhi NOT Most Polluted': Doctor's Shocking Reveal On Toxic Monster; And How To Fight Back
04:37
PM Modi's Big Declaration In 1st Visit To J&K After Pahalgam Attack | 'Pak Attacked Kashmiriyat'
04:08
Sikkim: Landslide Hits Indian Army Camp After River Teesta Swells; 3 Personnel Killed, 6 Missing
09:15
FULL SPEECH: Tharoor Mocks Pak's Kashmir 'Dream' In Guyana | 'They Want Something They Don't Have'
06:36
PM Modi's Shocking New Op Sindoor Reveal | '9 Terror Hideouts In Pak Destroyed In Just 22 Mins'
03:20
Indian Air Force Flaunts Rafale, BrahMos In 1st Video After Decimating Pak Airbases In Op Sindoor
04:26
Indian Army Shares 1st Video Of Missiles, Russian S-400 In Action During Op Sindoor Against Pak
04:04
India's Ballistic Missiles Spook Munir; Pak Army HQ To Be Moved After Nur Khan Base Attack | Report
ET Now Live
Zoom TV Live
Mirror Now Live
Times Now Live
03:18
Shocking! Lawyer rams Mercedes car into Kachori shop in Delhi, Six injured
03:16
Telangana cop punched, dragged by villagers, video goes viral
03:08
On Cam: Crane drags car with senior citizens sitting inside, case registered | video goes viral
03:18
Instagram influencer shot dead by husband in Rajasthan's Phalodi
03:16
CCTV: Thieves arrive in car, decamp with jewellery in MP's Damoh
03:13
Goons hurl abuses at toll plaza employee in MP's Chhatarpur
03:12
Viral: Cobra blocks road in MP's Chhatarpur district
03:15
Nigeria: Lion kills zookeeper at Obafemi Awolowo University
03:17
CCTV: Biker crushed to death by speeding bus in Madhya Pradesh's Ujjain district
03:03
Four women steal tray full of earrings from a jewellery shop in MP's Raisen
  • News
  • Videos
  • Mumbai: No tax benefits on house sale if new flat is in wife’s name, says I-T Tribunal
About us Terms of use Privacy policy Cookie policy

TOP TRENDS

Copyright © 2026 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
HomeWorldGamesOpen AppVideos