Tax & ComplianceLiveMint — Money
Sold your house and built another on land owned by your wife? ITAT ruling clarifies the tax treatment
1 Oct 2026 · 1 Oct 2026Source: LiveMint — Money
A Chennai ITAT ruling allows ₹63 lakh of Section 54 relief to a taxpayer who built a new house on a plot bought earlier in his wife's name, while rejecting the land cost. The case highlights the tax treatment of land and construction separately.
Attribution
This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.
Read on LiveMint — Money
