https://www.taxtmi.com/caselaws?id=777538 ITAT, Mumbai (AT) allowed the assessee's appeal and held deduction under s.54 allowable. Although substantial payments were made more than one year before sale, the tribunal followed precedent that the relevant date is when full consideration was paid and possession made available and the property became ready for occupation. Possession was delivered on 06.04.2011, within one year of the old flat's sale on 21.07.2011, so the assessee satisfied the temporal requirement and was entitled to claim exemption for LTCG. en-us Mon, 18 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777538 ITAT, Mumbai (AT) allowed the assessee's appeal and held deduction under s.54 allowable. Although substantial payments were made more than one year before sale, the tribunal followed precedent that the relevant date is when full consideration was paid and possession made available and the property became ready for occupation. Possession was delivered on 06.04.2011, within one year of the old flat's sale on 21.07.2011, so the assessee satisfied the temporal requirement and was entitled to claim exemption for LTCG. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777538