https://www.taxtmi.com/caselaws?id=792345 Section 54 relief cannot be denied merely because the assessee relied on an unregistered agreement to sell for acquiring a new residential house, since the provision is applied purposively and the key requirement is investment of the sale consideration in purchase or construction within the stipulated period. A registered conveyance deed is not indispensable for claiming the exemption. However, the genuineness of the unregistered agreement and the actual nature of the investment remain material facts, so the matter requires fresh verification by the Assessing Officer with an opportunity to the assessee to produce evidence. en-us Fri, 15 May 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792345 Section 54 relief cannot be denied merely because the assessee relied on an unregistered agreement to sell for acquiring a new residential house, since the provision is applied purposively and the key requirement is investment of the sale consideration in purchase or construction within the stipulated period. A registered conveyance deed is not indispensable for claiming the exemption. However, the genuineness of the unregistered agreement and the actual nature of the investment remain material facts, so the matter requires fresh verification by the Assessing Officer with an opportunity to the assessee to produce evidence. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792345