https://www.taxtmi.com/caselaws?id=65464 Section 54F exemption can be available even without registered title to the newly constructed residential house where the assessee has funded and constructed the superstructure and holds rights amounting to deemed ownership. A person in possession under an agreement falling within section 53A of the Transfer of Property Act may be treated as a deemed owner under section 27(iii)(a) of the Income-tax Act. As the arrangement was not shown to be sham and the Revenue did not dispute the assessee's investment in the house, exemption under section 54F was held to be admissible. en-us Fri, 30 Jun 2006 00:00:00 +0530 Fri, 27 Jul 2012 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65464 Section 54F exemption can be available even without registered title to the newly constructed residential house where the assessee has funded and constructed the superstructure and holds rights amounting to deemed ownership. A person in possession under an agreement falling within section 53A of the Transfer of Property Act may be treated as a deemed owner under section 27(iii)(a) of the Income-tax Act. As the arrangement was not shown to be sham and the Revenue did not dispute the assessee's investment in the house, exemption under section 54F was held to be admissible. Case-Laws Income Tax Fri, 30 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65464