https://www.taxtmi.com/caselaws?id=383991 Deduction under section 54F was allowed where the assessee had paid consideration, taken possession under a registered sale agreement, and acquired enforceable rights of specific performance, even though no registered sale deed had been executed. The tribunal held that section 54F requires a "purchase" of a residential house and does not insist on absolute ownership through a registered conveyance. It followed the Delhi High Court's interpretation of "purchase" under section 54 and treated section 54F as pari materia with section 54. The absence of a registered sale deed was therefore not fatal on these facts, and the disallowance was reversed. en-us Wed, 31 Jul 2019 00:00:00 +0530 Sat, 03 Aug 2019 09:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383991 Deduction under section 54F was allowed where the assessee had paid consideration, taken possession under a registered sale agreement, and acquired enforceable rights of specific performance, even though no registered sale deed had been executed. The tribunal held that section 54F requires a "purchase" of a residential house and does not insist on absolute ownership through a registered conveyance. It followed the Delhi High Court's interpretation of "purchase" under section 54 and treated section 54F as pari materia with section 54. The absence of a registered sale deed was therefore not fatal on these facts, and the disallowance was reversed. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383991