Exemption u/s. 54

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2014 Hi al..

In order to claim exemption u/s. 54, is it necessary that the new property (purchased within the prescribed time) should be registered in the name of the buyer?

Please reply asap..

Thanks in advance..

10 March 2014 Registration of the document is not imperative.
Citation:- Balraj Vs. CIT [2002] 254 ITR 22 (Delhi).


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