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Section 54 case law for investment

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2017 Dear experts,Mr.A Purchased land to get benefit under section 54 .But the land had two owners (husband and wife).Is any restriction is there for buying the property
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
30 June 2017 NO, Mr. A Should construct the house within 3 Yrs, The Joint ownership of Seller is not an issue.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2017 he bought a house but the land had two owners(husband and wife)
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