https://www.taxtmi.com/caselaws?id=793449 Section 54F relief was treated as available where the assessee invested capital gains in a new residential property within the stipulated period, paid substantial consideration under an agreement to sell, and obtained possession, even though the registered sale deed was executed later. The Tribunal applied a practical and beneficial interpretation of "purchased" under section 54F, holding that the decisive factors are investment of the gain and acquisition of possession or control, not contemporaneous registration alone. On those facts, delayed registration caused by the property being mortgaged did not defeat the exemption, and the disallowance was not sustainable. en-us Fri, 12 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793449 Section 54F relief was treated as available where the assessee invested capital gains in a new residential property within the stipulated period, paid substantial consideration under an agreement to sell, and obtained possession, even though the registered sale deed was executed later. The Tribunal applied a practical and beneficial interpretation of "purchased" under section 54F, holding that the decisive factors are investment of the gain and acquisition of possession or control, not contemporaneous registration alone. On those facts, delayed registration caused by the property being mortgaged did not defeat the exemption, and the disallowance was not sustainable. Case-Laws Income Tax Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793449