Date of possession is considerable as actual purchase date for claiming exemption u/s 54

Sanjay Vasant Jumde Vs ITO (ITAT Pune)

ITAT Pune held that as on the date of agreement, the building was not constructed, the date of possession will be considered as actual date of purchase for the purpose of claiming exemption under section 54 of the Income Tax Act.

Please become a Premium member. If you are already a Premium member, login here to access the full content.