https://www.taxtmi.com/caselaws?id=428301 Deduction under section 54F was treated as available where the assessee had paid the full consideration and taken possession of the new residential house, because the statutory requirement is purchase of the residential asset and not completed registration of title. The unregistered purchase agreement and the cited provisions on transfer and registration did not defeat relief on those facts. The indexed cost of improvement was also accepted because the property was described in the sale deed as a constructed double-storeyed house, some material bills were produced, and the absence of complete vouchers was not enough to reject the claim when construction expenditure would also include labour and other informal inputs. en-us Fri, 23 Sep 2022 00:00:00 +0530 Wed, 28 Sep 2022 08:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428301 Deduction under section 54F was treated as available where the assessee had paid the full consideration and taken possession of the new residential house, because the statutory requirement is purchase of the residential asset and not completed registration of title. The unregistered purchase agreement and the cited provisions on transfer and registration did not defeat relief on those facts. The indexed cost of improvement was also accepted because the property was described in the sale deed as a constructed double-storeyed house, some material bills were produced, and the absence of complete vouchers was not enough to reject the claim when construction expenditure would also include labour and other informal inputs. Case-Laws Income Tax Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428301