https://www.taxtmi.com/caselaws?id=773433 ITAT Mumbai allowed the assessee's appeal regarding section 54F deduction restriction. The assessee earned long-term capital gains from transferring tenancy/possessory rights and invested proceeds in purchasing a residential flat. The AO restricted deduction to Rs. 25 lakh, but ITAT found that the balance amount of Rs. 26 lakh was validly paid through M/s. Delta Venture to the seller within prescribed time limits. Documentary evidence including seller's acknowledgment confirmed no outstanding amounts. ITAT held the assessee entitled to full deduction under section 54F. en-us Thu, 19 Jun 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773433 ITAT Mumbai allowed the assessee's appeal regarding section 54F deduction restriction. The assessee earned long-term capital gains from transferring tenancy/possessory rights and invested proceeds in purchasing a residential flat. The AO restricted deduction to Rs. 25 lakh, but ITAT found that the balance amount of Rs. 26 lakh was validly paid through M/s. Delta Venture to the seller within prescribed time limits. Documentary evidence including seller's acknowledgment confirmed no outstanding amounts. ITAT held the assessee entitled to full deduction under section 54F. Case-Laws Income Tax Thu, 19 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773433