https://www.taxtmi.com/caselaws?id=789276 Limited scrutiny cannot be widened into complete scrutiny without the prescribed written approval, and the wider enquiry was therefore treated as unauthorised. Earlier share-acquisition transactions could still be examined in the relevant year where they formed the basis of the capital gains claim, despite those prior years being time-barred. Deduction under section 54F was not to be denied merely because the residential property was not registered, since substantive investment, supporting agreement, possession-related material, and payment evidence can satisfy the purchase requirement. On the stated conclusions, the assessment order was held unsustainable and the appeal succeeded. en-us Thu, 02 Apr 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789276 Limited scrutiny cannot be widened into complete scrutiny without the prescribed written approval, and the wider enquiry was therefore treated as unauthorised. Earlier share-acquisition transactions could still be examined in the relevant year where they formed the basis of the capital gains claim, despite those prior years being time-barred. Deduction under section 54F was not to be denied merely because the residential property was not registered, since substantive investment, supporting agreement, possession-related material, and payment evidence can satisfy the purchase requirement. On the stated conclusions, the assessment order was held unsustainable and the appeal succeeded. Case-Laws Income Tax Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789276