Aug 5, 2026
✦Economic Times
She paid her husband 7.5 crore for his home, then got a tax notice. Now, she’s won a 'landmark' victory for taxpayers.
Smt Motwani sold shares and bought her husband’s Mumbai property for Rs 7.5 crore in June 2021. She claimed a Section 54F tax exemption, but the Income Tax Department denied it. She fought the case, and ITAT Mumbai ruled that a property transaction between spouses is not a sham.