https://www.taxtmi.com/caselaws?id=787359 Exemption under section 54 for reinvestment of long-term capital gain was allowed where the new residential flat was under construction and possession was delivered only after payment of the balance consideration; the tribunal applied the principle that for under-construction properties the date of purchase for section 54 purposes is the date on which the assessee obtains right to use and enjoy the completed house (possession after final payment), and that date fell within the statutory two-year acquisition period, so exemption was granted. en-us Fri, 13 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787359 Exemption under section 54 for reinvestment of long-term capital gain was allowed where the new residential flat was under construction and possession was delivered only after payment of the balance consideration; the tribunal applied the principle that for under-construction properties the date of purchase for section 54 purposes is the date on which the assessee obtains right to use and enjoy the completed house (possession after final payment), and that date fell within the statutory two-year acquisition period, so exemption was granted. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787359