https://www.taxtmi.com/caselaws?id=256313 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant's claim for deduction u/s 54F for acquiring a share in the residential house. The Tribunal emphasized the legality of purchasing a fractional interest in a property and clarified that registration of the MoU was not a prerequisite for claiming the deduction. The judgment highlighted the independent nature of land as a capital asset and affirmed the appellant's eligibility for the deduction under section 54F. en-us Wed, 26 Nov 2014 00:00:00 +0530 Tue, 10 Feb 2015 06:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256313 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant's claim for deduction u/s 54F for acquiring a share in the residential house. The Tribunal emphasized the legality of purchasing a fractional interest in a property and clarified that registration of the MoU was not a prerequisite for claiming the deduction. The judgment highlighted the independent nature of land as a capital asset and affirmed the appellant's eligibility for the deduction under section 54F. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256313