https://www.taxtmi.com/caselaws?id=373177 For section 54F, the relevant consideration is the actual net consideration received on transfer, and section 50C cannot be used to enlarge that base for denying or reducing relief. Substantial investment in a residential plot with a construction agreement and payments to a developer can satisfy the requirement of purchase or construction of a residential house within the prescribed time, even if construction is incomplete. A Capital Gains Account Scheme deposit is not disqualified merely because the funds used were borrowed, provided statutory conditions are met. Earlier part-performance transfer with delivery of possession is relevant in assessing ownership of residential houses for section 54F. en-us Wed, 19 Dec 2018 00:00:00 +0530 Thu, 24 Jan 2019 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373177 For section 54F, the relevant consideration is the actual net consideration received on transfer, and section 50C cannot be used to enlarge that base for denying or reducing relief. Substantial investment in a residential plot with a construction agreement and payments to a developer can satisfy the requirement of purchase or construction of a residential house within the prescribed time, even if construction is incomplete. A Capital Gains Account Scheme deposit is not disqualified merely because the funds used were borrowed, provided statutory conditions are met. Earlier part-performance transfer with delivery of possession is relevant in assessing ownership of residential houses for section 54F. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373177