New Flat Purchase Date Clarified: Late Stamp Duty Registration Doesn’t Void 54F Reason

Sadhana Annasabeh Sonwane Vs ITO (ITAT Mumbai)

Money Paid, Flat Allotted, Rights Acquired – ITAT: 54F Cannot Be Denied Just for Late Registration- Substance Over Form: Investment Matters, Not Stamp Paper Date

In this case, Assessee sold a plot of land at Nashik on 18.02.2013 for ₹70 lakhs & claimed deduction u/s 54F by reinvesting the sale proceeds in a residential flat at Mumbai for a consideration of ₹76,65,000. While scrutinizing the return, AO noted that the registered agreement for purchase of the flat was Please become a Premium member. If you are already a Premium member, login here to access the full content.