https://www.taxtmi.com/caselaws?id=794595 A genuine share sale supported by cheque payment, transfer documents, valuation material and bank records was not treated as a sham merely because the same builder later sold the residential flat; the Revenue failed to prove an accommodation entry, so additions under sections 69/69A were unwarranted and the section 54F claim remained intact. Payments towards power, water, maintenance, club membership and similar charges were held to be mandatory for registration and complete possession, and therefore formed part of the cost of the new residential asset for section 54F computation. en-us Thu, 04 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794595 A genuine share sale supported by cheque payment, transfer documents, valuation material and bank records was not treated as a sham merely because the same builder later sold the residential flat; the Revenue failed to prove an accommodation entry, so additions under sections 69/69A were unwarranted and the section 54F claim remained intact. Payments towards power, water, maintenance, club membership and similar charges were held to be mandatory for registration and complete possession, and therefore formed part of the cost of the new residential asset for section 54F computation. Case-Laws Income Tax Thu, 04 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794595