https://www.taxtmi.com/caselaws?id=344171 Section 54 exemption was available where the assessee had entered into an agreement for sale, handed over possession, and invested in a residential house within the statutory period, even though the registered sale deed was executed later. For tax purposes, the transfer was treated as occurring on the date possession passed under section 2(47) read with section 53A of the Transfer of Property Act, so later registration did not postpone the relevant transfer date. The exemption could not be denied merely because the new residential investment was made before registration of the sale deed, provided the investment otherwise satisfied the time window prescribed by section 54. en-us Wed, 31 May 2017 00:00:00 +0530 Sat, 10 Jun 2017 05:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344171 Section 54 exemption was available where the assessee had entered into an agreement for sale, handed over possession, and invested in a residential house within the statutory period, even though the registered sale deed was executed later. For tax purposes, the transfer was treated as occurring on the date possession passed under section 2(47) read with section 53A of the Transfer of Property Act, so later registration did not postpone the relevant transfer date. The exemption could not be denied merely because the new residential investment was made before registration of the sale deed, provided the investment otherwise satisfied the time window prescribed by section 54. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344171