Section 54/54F- Purchase of under construction flat from builder- Purchase or Construction?

Advertisement PCIT Vs Akshay Sobti (Delhi High Court) High Court states that, it is an accepted position and is not disputed by the Revenue that the assessee had sold the property at Jor Bagh on 21.12.2011. On the said sale, the assessee has claimed deduction of capital gains under Section 54 of the The assessee was required to purchase a residential house property either one year before, or within two years after the date of transfer of original asset; or within a period of three years after the date he was required to construct a residential house. CBDT in its circulars No. 672 dated 16.1...