https://www.taxtmi.com/caselaws?id=769749 ITAT Surat held that deduction u/s 54F cannot be disallowed merely because property registration was incomplete. The assessee paid entire sale consideration of Rs. 2,65,30,000 through banking channels and received vacant possession under agreement of sale. Following Gujarat HC decision in Kishorbhai Harjibhai Patel and SC precedent in Sanjeev Lal, the tribunal ruled that agreement to sell constitutes "transfer" under Section 2(47) of Income Tax Act, making the assessee eligible for Section 54F relief despite incomplete registration formalities. en-us Mon, 28 Apr 2025 00:00:00 +0530 Thu, 01 May 2025 08:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769749 ITAT Surat held that deduction u/s 54F cannot be disallowed merely because property registration was incomplete. The assessee paid entire sale consideration of Rs. 2,65,30,000 through banking channels and received vacant possession under agreement of sale. Following Gujarat HC decision in Kishorbhai Harjibhai Patel and SC precedent in Sanjeev Lal, the tribunal ruled that agreement to sell constitutes "transfer" under Section 2(47) of Income Tax Act, making the assessee eligible for Section 54F relief despite incomplete registration formalities. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769749