ITAT Verdict: Capital Gains Exemption Under Sec 54 Allowed On Property Gifted By Spouse
Last Updated:July 20, 2025, 16:27 IST The ITAT Mumbai ruled Kavita Manoj Damani can claim capital gain tax exemption under Section 54 of the Income Tax Act, 1961, after purchasing a new flat from her husband. Section 54 of the Income Tax Act offers exemption from long-term capital gains tax if the profit from selling…
