https://www.taxtmi.com/caselaws?id=435836 The Tribunal allowed the appeal, upholding the assessee's eligibility for a deduction under Section 54 of the Income-tax Act. The Tribunal determined that the possession date of the new flat was the relevant date for claiming the deduction, as it fell within the stipulated period post the sale of the old property. The decision was based on precedents emphasizing that possession, readiness of the property, and full consideration being paid are crucial factors for eligibility under Section 54. en-us Thu, 02 Feb 2023 00:00:00 +0530 Fri, 13 Mar 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435836 The Tribunal allowed the appeal, upholding the assessee's eligibility for a deduction under Section 54 of the Income-tax Act. The Tribunal determined that the possession date of the new flat was the relevant date for claiming the deduction, as it fell within the stipulated period post the sale of the old property. The decision was based on precedents emphasizing that possession, readiness of the property, and full consideration being paid are crucial factors for eligibility under Section 54. Case-Laws Income Tax Thu, 02 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435836