Tribunal held that exemption cannot be denied when the property was purchased in the name of spouse . Followed CIT v. Kamal Wahal (2013 ) 351 ITR 4 (Delhi) (HC) . referred the decision of the Delhi High Court in CIT v. AARBEE Industries ( 2013) 357 ITR 542 ( Delhi )(HC) where in the Court held that it is the date on which the appeal is filed which would be the material point of time for considering as to which court of appeal is to be filed . Decision of Jurisdictional High Court of Delhi is binding and not the judgement of Punjab and High Court in CIT v Dinesh Verma ( 2015) 233 Taxman 409 ( P&H) (HC) ( ITA No 8478 /de/ 2019 dt 2-3 -2020) (AY. 2014 -15)
Rampal Hooda v ITO ( 2020) BCAJ -April – 34 ( Delhi ) (Trib)
Interpretation of taxing statutes – Binding precedent – Two conflicting decision of different High Court – Transfer of case – Jurisdictional High Court decision will be binding on the Assessing Officer .