Income Tax - Exemption u/s. 54F - definition of the word transfer under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance of the contract - Since there is no evidence of possession, no deduction - HC

Income Tax - Exemption u/s. 54F - definition of the word transfer under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance of the contract - Since there is no evidence of possession, no deduction - HC....................