https://www.taxtmi.com/caselaws?id=12831 Section 54 exemption depends on a purchase of a residential house within the prescribed period, and the text states that this requirement can be satisfied by an agreement to buy, payment of substantial consideration, and taking possession. It further states that registration of the conveyance is not a necessary condition where the transaction otherwise amounts to a purchase for consideration. On that reasoning, the absence of a registered document was treated as irrelevant to eligibility for exemption under section 54. en-us Thu, 06 Dec 2001 00:00:00 +0530 Wed, 24 Dec 2025 15:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12831 Section 54 exemption depends on a purchase of a residential house within the prescribed period, and the text states that this requirement can be satisfied by an agreement to buy, payment of substantial consideration, and taking possession. It further states that registration of the conveyance is not a necessary condition where the transaction otherwise amounts to a purchase for consideration. On that reasoning, the absence of a registered document was treated as irrelevant to eligibility for exemption under section 54. Case-Laws Income Tax Thu, 06 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12831