Assessee filed its return claiming deduction in respect of purchase of flat from builder. AO  held that the assessee had entered into unregistered agreement for purchase of flat from a concern in which he was an interested party and the assessee had not received possession of flat within specified time limit hence not entitle to deduction. Tribunal held that there was no dispute about genuineness of transactions entered into between assessee and builder, mere fact that assessee was one of associated parties in said concern which was developing housing project, could not be a ground to deny benefit of deduction.(AY. 2012-13)