
Section 54F on a Flat Bought From Your Spouse: ITAT Mumbai Rejects the Colourable-Device Charge
On 17 July 2026 ITAT Mumbai deleted a ₹6.92 crore Section 54F disallowance on a flat bought from the assessee's husband. His later business loss arose ten months after the sale and could not have been planned, so the McDowell colourable-device charge failed.





