https://www.taxtmi.com/caselaws?id=779344 ITAT Hyderabad allowed the assessee's exemption under s.54F, holding that "purchase" in s.54F(2) is not confined to registered sale deed or possession but has a wider connotation; the registration date alone does not defeat the claim. The Tribunal followed higher-court and coordinate decisions endorsing a liberal interpretation to encourage reinvestment in a residential house. Because the assessee invested less than the net sale consideration, the AO was directed to grant exemption proportionately: exempting capital gain in the ratio of amount invested within the prescribed period to the net sale consideration. en-us Wed, 03 Sep 2025 00:00:00 +0530 Sat, 04 Oct 2025 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779344 ITAT Hyderabad allowed the assessee's exemption under s.54F, holding that "purchase" in s.54F(2) is not confined to registered sale deed or possession but has a wider connotation; the registration date alone does not defeat the claim. The Tribunal followed higher-court and coordinate decisions endorsing a liberal interpretation to encourage reinvestment in a residential house. Because the assessee invested less than the net sale consideration, the AO was directed to grant exemption proportionately: exempting capital gain in the ratio of amount invested within the prescribed period to the net sale consideration. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779344