https://www.taxtmi.com/caselaws?id=761036 Exemption under section 54F cannot be denied solely because the registered conveyance of a new residential house was executed after the stipulated period, where the assessee had paid the full consideration and taken possession within time. The decisive factor was completion of investment in the new house within the statutory period through payment and possession, while later registration was treated as non-controlling for section 54F purposes. On those facts, the exemption was held allowable and the Revenue's objection based only on delayed registration failed. en-us Wed, 09 Oct 2024 00:00:00 +0530 Wed, 30 Oct 2024 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761036 Exemption under section 54F cannot be denied solely because the registered conveyance of a new residential house was executed after the stipulated period, where the assessee had paid the full consideration and taken possession within time. The decisive factor was completion of investment in the new house within the statutory period through payment and possession, while later registration was treated as non-controlling for section 54F purposes. On those facts, the exemption was held allowable and the Revenue's objection based only on delayed registration failed. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761036