https://www.taxtmi.com/caselaws?id=458488 The ITAT ruled in favor of the assessee, allowing the deduction under Section 54F of the Income Tax Act, despite the lack of property registration. The Tribunal emphasized that full payment and possession were sufficient for claiming the deduction, aligning with the principles set by the Delhi HC. Consequently, the assessee's appeal was allowed, overturning the AO's decision. en-us Fri, 18 Aug 2017 00:00:00 +0530 Wed, 30 Oct 2024 19:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458488 The ITAT ruled in favor of the assessee, allowing the deduction under Section 54F of the Income Tax Act, despite the lack of property registration. The Tribunal emphasized that full payment and possession were sufficient for claiming the deduction, aligning with the principles set by the Delhi HC. Consequently, the assessee's appeal was allowed, overturning the AO's decision. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458488