https://www.taxtmi.com/caselaws?id=792206 Section 54 relief was available where the assessee invested capital gains in an under-construction residential flat, received allotment letters, and paid substantial consideration within time. The fact that possession was not yet handed over and registration was incomplete did not defeat the exemption, because booking of the flat and acquisition of enforceable rights in the property were treated as sufficient compliance with the statutory requirement. The material relied upon also supported a liberal construction of the exemption when completion delays were beyond the assessee's control, and the deduction was upheld. en-us Wed, 20 May 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792206 Section 54 relief was available where the assessee invested capital gains in an under-construction residential flat, received allotment letters, and paid substantial consideration within time. The fact that possession was not yet handed over and registration was incomplete did not defeat the exemption, because booking of the flat and acquisition of enforceable rights in the property were treated as sufficient compliance with the statutory requirement. The material relied upon also supported a liberal construction of the exemption when completion delays were beyond the assessee's control, and the deduction was upheld. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792206