Tax Deduction Approved for Unregistered Property Purchase from Son under Income Tax Act Section 54 and 2(47)(V.

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....Exemption u/s 54 on unregistered property purchased from son of the assessee allowed - transferee gets the right over the property and has become the owner of the property, therefore, for the purpose of deduction U/s 54 read with Section 2(47)(V) of the Act, the property has been transferred to him - AT....