{
  "id": 15595488,
  "title": "Sold house, bought Rs 1.10 cr flat with wife; taxman rejects exemption for half amount",
  "url": "https://urgent.news/2026/10/19/sold-house-bought-rs-1-10-cr-flat-with-wife-taxman-rejects-exemption",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-19T10:38:23.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/man-sold-his-house-and-bought-a-rs-1-10-crore-flat-jointly-with-wife-income-tax-department-denies-rs-55-48-lakh-capital-gains-exemption-for-half-the-amount-but-itat-mumbai-gives-full-relief/articleshow/135044532.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "A man sold his residential property and invested the proceeds in another flat in Mumbai. The replacement property was jointly registered in his and his wife's names, with the total investment of around Rs 1.10 crore. He claimed exemption on the capital gains under Section 54 of the Income Tax Act.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}