https://www.taxtmi.com/caselaws?id=789487 Deduction under section 54 was considered allowable where the assessee produced booking and allotment documents, bank statements and ledger entries showing payment for the new residential property. Registration of the conveyance deed was treated as not essential when enforceable rights in the new asset had been acquired and the investment requirement was substantially met. The timing of individual instalments, including payments made before the transfer date, was regarded as less significant than the fact of acquisition within the statutory framework, consistent with the beneficial object of the provision. en-us Thu, 26 Mar 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789487 Deduction under section 54 was considered allowable where the assessee produced booking and allotment documents, bank statements and ledger entries showing payment for the new residential property. Registration of the conveyance deed was treated as not essential when enforceable rights in the new asset had been acquired and the investment requirement was substantially met. The timing of individual instalments, including payments made before the transfer date, was regarded as less significant than the fact of acquisition within the statutory framework, consistent with the beneficial object of the provision. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789487