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2024 (4) TMI 55 - HC - Income TaxLTCG - Deduction claimed u/s 54 - ITAT allowed claim - HELD THAT:- We note that the issue of Long Term Capital Gain itself arises out of the Apartment Buyers Agreement ['Agreement’] for the property which was entered into by the assessees’ on 18 February 2016 and thus prior to the date of sale. ITAT has come to conclude that the aforesaid Agreement was in respect of an under construction flat and since the sale as well as the possession of the property in question had been completed within a period of three years from the date of sale of a residential house, the assessees’ would be entitled to be accorded relief. We note that the view as taken by the ITAT is also in consonance with the judgment rendered by this Court in Sh. Akshay Sobti [2020 (1) TMI 407 - DELHI HIGH COURT] no substantial question of law arises.
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