Mumbai ITAT: Section 54F Exemption Applies to Property Bought from Spouse

Taxation

6 August 2026 at 12:16 am

Mumbai ITAT: Section 54F Exemption Applies to Property Bought from Spouse

HyperFast News

Summary

The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that a genuine property purchase from a spouse can qualify for Section 54F tax exemption, even if it results in tax savings. The tribunal allowed a taxpayer's ₹6.92 crore exemption claim, finding no evidence of tax avoidance.

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Mumbai ITAT: Section 54F Exemption Applies to Property Bought from Spouse | HyperFast News