S. 54 deduction eligible if construction not completed due to litigation

Fact finding authorities below have concurrently come to the conclusion that the consideration amount was in fact paid for the purpose of purchasing the flat to the Developer M/s Ashraya Real Estate Developers. It is also not disputed that the construction was incomplete as there was a dispute between a Bank and the original owner in respect of the subject property. Only after the injunction was vacated, the developers could complete the premises and hand over possession to the respondent which admittedly is beyond the period of two years. On the basis of such fact, as the payment of the total...