https://www.taxtmi.com/caselaws?id=470629 For Section 54F purposes, the cost of a residential house constructed within the prescribed period includes the land cost, even where the land was acquired more than one year before transfer. The notes state that construction may begin before transfer and that sale proceeds need not themselves fund construction. They also state that land gifted to unauthorised occupants to obtain vacant possession and make property saleable may qualify as cost of improvement where supported by documentary evidence, including gift deeds, land records, encumbrance certificates and verification. The described effect is capital-gains exemption for the full residential-house investment and deduction of substantiated relocation expenditure in computing capital gains. en-us Tue, 25 Mar 2025 00:00:00 +0530 Sat, 01 Aug 2026 19:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470629 For Section 54F purposes, the cost of a residential house constructed within the prescribed period includes the land cost, even where the land was acquired more than one year before transfer. The notes state that construction may begin before transfer and that sale proceeds need not themselves fund construction. They also state that land gifted to unauthorised occupants to obtain vacant possession and make property saleable may qualify as cost of improvement where supported by documentary evidence, including gift deeds, land records, encumbrance certificates and verification. The described effect is capital-gains exemption for the full residential-house investment and deduction of substantiated relocation expenditure in computing capital gains. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470629