https://www.taxtmi.com/caselaws?id=24923 The High Court of Andhra Pradesh ruled in favor of the assessee, holding that she was entitled to the exemption under section 54(1) of the Income-tax Act for the assessment year 1976-77. The court emphasized that the date of possession and control over the property was crucial, not just the sale deed registration date. Despite the sale deed being registered after one year, the assessee had acquired possession of the new property within the stipulated period, making her eligible for the exemption. en-us Mon, 21 Mar 1988 00:00:00 +0530 Tue, 13 Apr 2021 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24923 The High Court of Andhra Pradesh ruled in favor of the assessee, holding that she was entitled to the exemption under section 54(1) of the Income-tax Act for the assessment year 1976-77. The court emphasized that the date of possession and control over the property was crucial, not just the sale deed registration date. Despite the sale deed being registered after one year, the assessee had acquired possession of the new property within the stipulated period, making her eligible for the exemption. Case-Laws Income Tax Mon, 21 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24923