In Male Dominating Society, Wife To Get Tax Exemption Even If Investment Made In Joint Name Of Husband: ITAT [Read Order]

“In a male dominating society, investment made in the name of the husband is also to be considered as investment” and the assessee wife can claim exemption from tax liability under Section 54F of the  Income Tax Act, the Chennai bench of Income Tax Appellate Tribunal has said.The Tribunal said the assessee is eligible for exemption under Section 54F of the Act even though the investment...