https://www.taxtmi.com/caselaws?id=470028 Section 54 relief may be available where possession of a new residential property is obtained within the prescribed period, particularly when the property is under construction. The relevant purchase date may, in such circumstances, be treated as the date of possession rather than the date of the registered agreement. The analysis also highlights that subsequently produced documentary evidence, including the purchase agreement, housing-loan records, application of sale proceeds towards loan repayment, and possession documentation, can support the deduction where the original disallowance resulted only from non-production of the agreement during assessment. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 13 Jul 2026 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470028 Section 54 relief may be available where possession of a new residential property is obtained within the prescribed period, particularly when the property is under construction. The relevant purchase date may, in such circumstances, be treated as the date of possession rather than the date of the registered agreement. The analysis also highlights that subsequently produced documentary evidence, including the purchase agreement, housing-loan records, application of sale proceeds towards loan repayment, and possession documentation, can support the deduction where the original disallowance resulted only from non-production of the agreement during assessment. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470028