{"id":49623,"date":"2025-01-05T10:57:47","date_gmt":"2025-01-05T05:27:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/abdul-nayab-shaikh-deceased-v-ito-2024-167-taxmann-com-381mum-trib\/"},"modified":"2025-01-05T10:57:47","modified_gmt":"2025-01-05T05:27:47","slug":"abdul-nayab-shaikh-deceased-v-ito-2024-167-taxmann-com-381mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/abdul-nayab-shaikh-deceased-v-ito-2024-167-taxmann-com-381mum-trib\/","title":{"rendered":"Abdul Nayab Shaikh (Deceased) v. ITO [2024] 167 taxmann.com 381(Mum)( Trib)"},"content":{"rendered":"<h2>The Assessee had purchased a residential house. The flat was purchased in joint names of Mr. Abdul Nayab Shaikh and Mrs. Gulbanu Shaikh (wife). The residential property was in joint name of deceased assessee and his wife Mrs. Gulbanu Shaikh, therefore capital gain ought to have been assessed in hands of deceased assessee and his wife, as according to section 4 of the Act the income has to be assessed in right persons&#8217; hand<\/h2>\n<h2>The assessee will be eligible for indexation of the property and the claim of deduction under section 54F of the Act The income of the assessee only should be restricted on assessee\u2019s income .(ITA No. 4012\/M\/2023, dated 07\/05\/2024, (AY. 2011-12)<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>S. 54F: Capital gains \u2013 Investment in a residential house \u2013 Joint names \u2013 Income has to be assessed in the right person \u2013 Indexation benefit is available. [S. 4, 45, 54]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-49623","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cUn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=49623"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49623\/revisions"}],"predecessor-version":[{"id":49624,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49623\/revisions\/49624"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}