https://www.taxtmi.com/caselaws?id=750874 The Delhi HC upheld ITAT's decision allowing deduction u/s 54 for LTCG. The assessees entered into an Apartment Buyers Agreement on 18 February 2016 for an under-construction flat. ITAT concluded that since sale and possession of the property were completed within three years from the date of sale of residential house, assessees were entitled to relief. HC found ITAT's view consistent with its earlier judgment in Akshay Sobti case and held no substantial question of law arose. en-us Mon, 11 Mar 2024 00:00:00 +0530 Mon, 01 Apr 2024 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750874 The Delhi HC upheld ITAT's decision allowing deduction u/s 54 for LTCG. The assessees entered into an Apartment Buyers Agreement on 18 February 2016 for an under-construction flat. ITAT concluded that since sale and possession of the property were completed within three years from the date of sale of residential house, assessees were entitled to relief. HC found ITAT's view consistent with its earlier judgment in Akshay Sobti case and held no substantial question of law arose. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750874