Taxpayer sells 5 villas and reinvests in a property in sister’s name — still gets capital gains tax relief; here’s how

An NRI taxpayer who sold five villas for Rs 5.26 crore secured a Rs 2.80 crore capital gains exemption under Section 54F—even though the new property was registered in his sister's name. In a fact-driven ruling, the Income Tax Appellate Tribunal (Hyderabad) held that the benefit cannot be denied if the taxpayer can clearly prove investment, intent, and ownership through documentation, despite technical ownership being in a relative's name.