#ITATDelhiRuling

[bagariaandcompany]

The Simran Bagga Vs. ACIT decision from the ITAT Delhi establishes a precedent by confirming that income tax deductions under section 54F are allowable even in cases where the spouse's name is registered on the new property.

Purposive construction, which liberally interprets tax legislation in favor of taxpayers, is in line with the ruling.