https://www.taxtmi.com/caselaws?id=470284 Investment in a flat booked while under construction may qualify as construction of a residential house for capital-gains exemption. Where the flat did not exist when booked and was acquired through a construction-linked arrangement, it is treated as construction rather than purchase. The relevant condition is completion of construction within three years after transfer of the original residential asset; beginning construction or making payments before that transfer does not disqualify the taxpayer. As construction was completed within the prescribed period, the investment qualified for the claimed capital-gains relief. en-us Mon, 15 Apr 2024 00:00:00 +0530 Wed, 22 Jul 2026 11:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470284 Investment in a flat booked while under construction may qualify as construction of a residential house for capital-gains exemption. Where the flat did not exist when booked and was acquired through a construction-linked arrangement, it is treated as construction rather than purchase. The relevant condition is completion of construction within three years after transfer of the original residential asset; beginning construction or making payments before that transfer does not disqualify the taxpayer. As construction was completed within the prescribed period, the investment qualified for the claimed capital-gains relief. Case-Laws Income Tax Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470284