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Sec. 54 of Income Tax Act, 1961— Deduction— Mere fact that the investment has been made in the name of the wife cannot be a reason for disallowance of deduction under section 54 - The assessee’s total income without giving effect to the provision of section 54 exceeds the maximum amount not chargeable to tax and assessee was therefore required to furnish his return of income and in absence of any reasonable cause shown by the assessee for such failure to file his return of income, the penalty u/s 271F is confirmed. - SHANKAR LAL KUMAWAT V/s ITO -  27 ITCD Online 046 (ITAT-JAIPUR)