No Deduction u/s 54B /54F if sale deed was unregistered and payment was in cash

Shri Ram Narayan Vs ITO (ITAT Jaipur) Conclusion: Since assessee purchased land through an agreement to sale which was unregistered and the payment was made in cash, therefore, in absence of sale deed, the unregistered agreement would not transfer any title to assessee of the agricultural land, accordingly, the claim of deduction under section 54B and 54F was not allowable. Held: Assessee claimed to have purchased land through an agreement to sale which was unregistered and the payment was also claimed to have been made in cash. Assessee had not produced any other document to show that assesse...