https://www.taxtmi.com/caselaws?id=795188 Section 54 exemption for long-term capital gains may apply where a new residential property is purchased within one year before transfer of the original asset, even if possession is delivered later. The provision treats purchase as wider than registered conveyance or physical possession: allotment and payment of instalments can establish acquisition of title. Where capital gains are invested within the prescribed period, delayed completion, occupancy or possession does not by itself defeat the exemption. en-us Thu, 12 Mar 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795188 Section 54 exemption for long-term capital gains may apply where a new residential property is purchased within one year before transfer of the original asset, even if possession is delivered later. The provision treats purchase as wider than registered conveyance or physical possession: allotment and payment of instalments can establish acquisition of title. Where capital gains are invested within the prescribed period, delayed completion, occupancy or possession does not by itself defeat the exemption. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795188