Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT

The Income Tax Appellate Tribunal (ITAT) ruled that the registration of a house 24 months after its sale is not a ground to deny exemptions under Section 54F of the Income-tax Act. The case involved a taxpayer who delayed the registration of a new house purchased after selling an old one. The ITAT held that the delay in registration does not affect the eligibility for exemptions, provided other conditions are met. This ruling clarifies the interpretation of Section 54F and provides relief to taxpayers facing similar issues.