https://www.taxtmi.com/caselaws?id=788126 Reinvestment in residential property funded from sale proceeds qualifies for deduction under Section 54F where statutory conditions are met; here the tribunal accepted that the assessee's sale proceeds funded the purchase, provisional allotment and payments were in the assessee's name or account, and documentary evidence (MOU, confirmation by the sister, gift deed, municipal khata and tax receipts) showed registration in the sister's name was a convenience during the assessee's absence and the property ultimately vested in the assessee. Outcome: Section 54F deduction allowed. en-us Fri, 13 Mar 2026 00:00:00 +0530 Tue, 17 Mar 2026 08:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788126 Reinvestment in residential property funded from sale proceeds qualifies for deduction under Section 54F where statutory conditions are met; here the tribunal accepted that the assessee's sale proceeds funded the purchase, provisional allotment and payments were in the assessee's name or account, and documentary evidence (MOU, confirmation by the sister, gift deed, municipal khata and tax receipts) showed registration in the sister's name was a convenience during the assessee's absence and the property ultimately vested in the assessee. Outcome: Section 54F deduction allowed. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788126