Sec. 54F relief can’t be denied if assessee merely pays booking amount more than one year prior to d

IT : Where Assessing Officer rejected assessee's claim for deduction under section 54F on ground that assessee availed housing loan and booked flat prior to date of transfer of capital asset, in view of fact that aforesaid activities did not vest assessee with ownership of new asset and it was only by virtue of registered sale deed executed within prescribed time period under section 54F assessee became owner of flat, impugned order passed by Assessing Officer was to be set aside