Held that date of agreement to be reckoned as the date of sale of the property for considering the allowability of exemption. Amount paid for purchase of new property is more than the amount of sale consideration the assessee is entitle to exemption. (AY. 2013-14)
Muthu Daniel Ranjan v. ACIT(2023) 222 TTJ 498 (Chennai)(Trib)
S. 54F : Capital gains-Investment in a residential house-Date of agreement to be considered as date of sale-Amount paid for purchase of new property is more than the amount of sale consideration-Entitle to exemption. [S. 45]