Section 54: Can a wife claim tax exemption by selling flats gifted by her husband and reinvesting in a new property?

Our Partner Kunal Savani in an article published by Hindustan Times shares his views on a Mumbai ITAT ruling where a wife was allowed to claim Section 54 capital gains tax exemption after selling flats gifted by her husband and reinvesting the proceeds into a new flat purchased from him. (Photo Credits: Hindustan Times)