{"id":1202,"date":"2025-05-30T19:10:54","date_gmt":"2025-05-30T14:40:54","guid":{"rendered":"https:\/\/caalokkumar.com\/my-writing\/?p=1202"},"modified":"2025-05-30T19:10:57","modified_gmt":"2025-05-30T14:40:57","slug":"oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling","status":"publish","type":"post","link":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/","title":{"rendered":"Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling"},"content":{"rendered":"\n<p>In a noteworthy decision, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, recently ruled in favor of a taxpayer who had claimed an exemption under\u00a0<strong><a href=\"http:\/\/caalokkumar.com\">Section 54F of the Income Tax Act, 1961<\/a><\/strong>. This section provides tax relief on capital gains if the money is invested in a residential house, provided certain conditions are met. One of the main conditions is that the taxpayer should\u00a0<strong>not own more than one residential house property (excluding the new one purchased)<\/strong>\u00a0at the time of selling the original asset.<\/p>\n\n\n\n<p>Here\u2019s what happened in the case and why this decision is important for taxpayers:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case Summary:<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Case:<\/strong>\u00a0<em>Income-tax Officer vs. Narasimha Reddy Duthala<\/em> (Income Tax Appellate Tribunal &#8211; Hyderabad)<\/p>\n\n\n\n<p>Income Tax Officer, Ward-2(1), &#8230; vs Narasimha Reddy Duthala, Hyderabad on 9 May, 2025<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The taxpayer sold unlisted shares for a huge amount \u2014 \u20b992.49 crore.<\/li>\n\n\n\n<li>He invested \u20b943.83 crore in a new residential house and \u20b910.67 crore in a Capital Gains Account Scheme.<\/li>\n\n\n\n<li>He claimed exemption under Section 54F on the capital gains.<\/li>\n\n\n\n<li>However, the Assessing Officer (AO) denied the exemption. Why? Because according to the AO, the taxpayer owned\u00a0<strong>more than one house<\/strong>\u00a0on the date of sale \u2014 which is\u00a0<strong>not allowed under Section 54F<\/strong>.<\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Dispute: Was There More Than One House?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The taxpayer clarified that\u00a0<strong>one of the houses<\/strong>\u00a0the AO counted was\u00a0<strong>gifted to his daughter<\/strong>\u00a0at the time of her marriage in 2015.<\/li>\n\n\n\n<li>But there was a problem: The\u00a0<strong>formal registered gift deed<\/strong>\u00a0for the property was done only in\u00a0<strong>2022<\/strong>, much later than the date of the gift.<\/li>\n\n\n\n<li>The AO argued that a\u00a0<strong>valid gift of immovable property (like a house)<\/strong>\u00a0requires a\u00a0<strong>registered deed<\/strong>, and since there was no such document in 2015, the gift could not be accepted.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What the Taxpayer Showed:<\/strong><\/h3>\n\n\n\n<p>To prove that the house was genuinely gifted in 2015, the taxpayer submitted:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A\u00a0<strong><a href=\"http:\/\/caindwarka.com\">registered gift deed<\/a><\/strong>\u00a0made in 2022 \u2014 showing his intent to give the property to his daughter.<\/li>\n\n\n\n<li>A\u00a0<strong>Streedhan Agreement<\/strong>\u00a0between his daughter and her husband, confirming the property was received as a gift in 2015.<\/li>\n\n\n\n<li>His daughter\u2019s\u00a0<a href=\"https:\/\/g.co\/kgs\/xY2VKfb\"><strong>Income Tax Return<\/strong>,<\/a> which showed her living at that address \u2014 supporting her possession of the property.<\/li>\n\n\n\n<li>The fact that the gift was made\u00a0<strong>out of love and affection<\/strong>, a common practice in Indian families, especially during marriages.<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What the Tribunal (ITAT) Decided:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Tribunal\u00a0<strong>accepted<\/strong>\u00a0the taxpayer\u2019s claim.<\/li>\n\n\n\n<li>It agreed that while\u00a0<strong>the law (Section 123 of Transfer of Property Act)<\/strong>\u00a0usually requires a registered deed for gifting property, there are exceptions in\u00a0<strong>Indian culture and traditions<\/strong>.<\/li>\n\n\n\n<li>In Indian society, it&#8217;s\u00a0<strong>common for parents to give property to children during marriage<\/strong>\u00a0without formal documentation.<\/li>\n\n\n\n<li>Since the evidence clearly showed the gift happened in 2015, the Tribunal held that\u00a0<strong>the taxpayer did not own more than one house<\/strong>\u00a0on the relevant date.<\/li>\n\n\n\n<li>Therefore, the conditions of\u00a0<strong>Section 54F were fulfilled<\/strong>, and the\u00a0<strong><a href=\"https:\/\/g.co\/kgs\/xY2VKfb\">capital gains exemption <\/a>was allowed<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why This Decision Matters:<\/strong><\/h3>\n\n\n\n<p>This judgment is important because:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It\u00a0<strong>recognizes traditional practices<\/strong>\u00a0like oral gifts in Indian families.<\/li>\n\n\n\n<li>It shows that\u00a0<strong>intent, relationship, and supporting evidence<\/strong>\u00a0can sometimes compensate for the lack of formal documentation.<\/li>\n\n\n\n<li>It gives relief to genuine taxpayers who follow customs but may not always complete legal formalities on time.<\/li>\n\n\n\n<li>It shows that the\u00a0<strong>tax authorities and courts can take a practical and culturally sensitive approach<\/strong>\u00a0in interpreting tax laws.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Takeaway for Taxpayers:<\/strong><\/h3>\n\n\n\n<p>If you have given a house as a gift \u2014 especially to children at the time of marriage \u2014 and there was no registered deed at that time, you may still be able to&nbsp;<strong>prove the gift through other strong evidence<\/strong>. This could help you claim tax benefits like the&nbsp;<strong>Section 54F exemption<\/strong>.<\/p>\n\n\n\n<p>However, it&#8217;s&nbsp;<strong>always safer to register such gifts<\/strong>&nbsp;to avoid disputes. When in doubt, consult a tax professional to make sure your claims are legally valid and well-documented.<\/p>\n\n\n\n<pre id=\"pre_1\" class=\"wp-block-code\"><code><em><strong>IN THE <a href=\"https:\/\/g.co\/kgs\/xY2VKfb\">INCOME TAX APPELLATE TRIBUNAL<\/a>\n         HYDERABAD \"B\" BENCH: HYDERABAD\n\nBEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER\n                     AND\n      SHRI RAVISH SOOD, JUDICIAL MEMBER\n\n                 ITA.No.1113\/Hyd.\/2024\n               Assessment Year 2022-2023\n\nThe Income Tax Officer,       Narasimha Reddy Duthala,\nWard-2(1),      Hyderabad     Hyderabad - 500 032\n                          vs.\nPIN - 500 084.                Telangana.\nTelangana.                    PAN ABPPD8192C\n        (Appellant)                  (Respondent)\n\n               For Revenue : MS. M. Narmada, CIT-DR\n               For Revenue : Shri Mohd. Afzal, Advocate\n\n           Date of Hearing : 13.03.2025\n    Date of Pronouncement : 09.05.2025\n<\/strong><\/em><\/code><\/pre>\n\n\n\n<p><a href=\"https:\/\/g.co\/kgs\/xY2VKfb\">TAX Consultant in Dwarka Delhi<\/a> <a href=\"https:\/\/g.co\/kgs\/xY2VKfb\">GST Registration In Dwarka Delhi<\/a> <a href=\"https:\/\/g.co\/kgs\/xY2VKfb\">GST Consultant in Dwarka<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a noteworthy decision, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, recently ruled in favor of a taxpayer who had claimed an exemption under\u00a0Section 54F of the Income Tax&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1202","post","type-post","status-publish","format-standard","hentry","category-income-tax-act-1961"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling - CA ALOK KUMAR<\/title>\n<meta name=\"description\" content=\"In the case of Income-tax Officer vs. Narasimha Reddy Duthala [2025] 174. (Hyderabad - ITAT), the taxpayer claimed exemption under Section 54F after selling unlisted shares and investing in a residential house. The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter&#039;s income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. The Tribunal ruled that the gift was genuine and allowed the Section 54F exemption, recognizing the importance of intent and traditional practices in tax matters.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling - CA ALOK KUMAR\" \/>\n<meta property=\"og:description\" content=\"In the case of Income-tax Officer vs. Narasimha Reddy Duthala [2025] 174. (Hyderabad - ITAT), the taxpayer claimed exemption under Section 54F after selling unlisted shares and investing in a residential house. The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter&#039;s income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. 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(Hyderabad - ITAT), the taxpayer claimed exemption under Section 54F after selling unlisted shares and investing in a residential house. The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter's income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. 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The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter's income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. The Tribunal ruled that the gift was genuine and allowed the Section 54F exemption, recognizing the importance of intent and traditional practices in tax matters.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/","og_locale":"en_US","og_type":"article","og_title":"Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling - CA ALOK KUMAR","og_description":"In the case of Income-tax Officer vs. Narasimha Reddy Duthala [2025] 174. (Hyderabad - ITAT), the taxpayer claimed exemption under Section 54F after selling unlisted shares and investing in a residential house. The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter's income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. The Tribunal ruled that the gift was genuine and allowed the Section 54F exemption, recognizing the importance of intent and traditional practices in tax matters.","og_url":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/","og_site_name":"CA ALOK KUMAR","article_publisher":"https:\/\/www.facebook.com\/ca.aloknandan","article_author":"https:\/\/www.facebook.com\/ca.aloknandan","article_published_time":"2025-05-30T14:40:54+00:00","article_modified_time":"2025-05-30T14:40:57+00:00","og_image":[{"width":134,"height":100,"url":"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/77835prc62484-1.png","type":"image\/png"}],"author":"CA ALOK KUMAR","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA ALOK KUMAR","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/#article","isPartOf":{"@id":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/"},"author":{"name":"CA ALOK KUMAR","@id":"https:\/\/caalokkumar.com\/my-writing\/#\/schema\/person\/6ea496b3e634d37b3de236ed1bfaf657"},"headline":"Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling","datePublished":"2025-05-30T14:40:54+00:00","dateModified":"2025-05-30T14:40:57+00:00","mainEntityOfPage":{"@id":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/"},"wordCount":660,"commentCount":0,"publisher":{"@id":"https:\/\/caalokkumar.com\/my-writing\/#\/schema\/person\/6ea496b3e634d37b3de236ed1bfaf657"},"articleSection":["Income Tax Act 1961"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/","url":"https:\/\/caalokkumar.com\/my-writing\/oral-gift-to-daughter-on-marriage-valid-for-section-54f-exemption-itat-hyderabad-ruling\/","name":"Oral Gift to Daughter on Marriage Valid for Section 54F Exemption: ITAT Hyderabad Ruling - CA ALOK KUMAR","isPartOf":{"@id":"https:\/\/caalokkumar.com\/my-writing\/#website"},"datePublished":"2025-05-30T14:40:54+00:00","dateModified":"2025-05-30T14:40:57+00:00","description":"In the case of Income-tax Officer vs. Narasimha Reddy Duthala [2025] 174. (Hyderabad - ITAT), the taxpayer claimed exemption under Section 54F after selling unlisted shares and investing in a residential house. The Assessing Officer denied the exemption, stating that the taxpayer owned more than one residential house at the time of sale, which violates Section 54F conditions.The taxpayer argued that one of the properties was gifted to his daughter at her marriage in 2015, though the registered gift deed was executed later in 2022. Supporting documents, including a streedhan agreement and the daughter's income tax return showing her residence at the gifted property, were presented.The ITAT accepted the explanation, acknowledging that in Indian culture, oral gifts during marriage are common and can be valid if supported by evidence. 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