https://www.taxtmi.com/highlights?id=97968 The dominant issue is the relevant date for acquisition under section 54: the Tribunal applied the principle that actual handing over of possession (confirmed by an Occupation Certificate and possession letter) and completion of payment determine the acquisition date, not solely the date of registration. Applying that legal principle to the facts, the Tribunal found possession occurred before transfer of the original property, held the one year requirement satisfied, deleted the Assessing Officer's addition and allowed the deduction for the assessment year. (ITAT decision reflected.) en-us Mon, 23 Mar 2026 08:49:39 +0530 Mon, 23 Mar 2026 08:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97968 The dominant issue is the relevant date for acquisition under section 54: the Tribunal applied the principle that actual handing over of possession (confirmed by an Occupation Certificate and possession letter) and completion of payment determine the acquisition date, not solely the date of registration. Applying that legal principle to the facts, the Tribunal found possession occurred before transfer of the original property, held the one year requirement satisfied, deleted the Assessing Officer's addition and allowed the deduction for the assessment year. (ITAT decision reflected.) Highlights Income Tax Mon, 23 Mar 2026 08:49:39 +0530 https://www.taxtmi.com/highlights?id=97968