https://www.taxtmi.com/caselaws?id=326228 Deduction under section 54(1) was available where a residential house was acquired under an unregistered agreement to sell, provided consideration was paid and possession passed. The transaction was treated as complete in part performance for section 2(47)(v) purposes, and the transferor's own treatment of the deal as a taxable capital gain supported its genuineness. On that basis, the absence of a registered sale deed did not defeat exemption, and the disallowance was held unsustainable. en-us Fri, 04 Mar 2016 00:00:00 +0530 Fri, 08 Apr 2016 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326228 Deduction under section 54(1) was available where a residential house was acquired under an unregistered agreement to sell, provided consideration was paid and possession passed. The transaction was treated as complete in part performance for section 2(47)(v) purposes, and the transferor's own treatment of the deal as a taxable capital gain supported its genuineness. On that basis, the absence of a registered sale deed did not defeat exemption, and the disallowance was held unsustainable. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326228