The Telangana High Court has declared that taxpayers cannot be refused Section 54F tax exemptions simply because a developer failed to complete construction or register a property on time. Under Section 54F of the Income Tax Act, individuals can claim exemptions on long-term capital gains from non-residential assets, provided the money is put back into a residential home. The court emphasized that this provision should be applied broadly to promote residential real estate investment.

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3 hours ago