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Section 54 exemption

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ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.

Big Relief for Home Sellers: ITAT Mumbai Says ‘MOU Date’ Counts for Tax, Not Registration Date

ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.
India’s property buyers are making decisions faster, with average deal closure time falling to 26 days in 2025 and premium ₹2–3 crore homes selling in just 15 days, according to ANAROCK data.

You Can Claim Tax Exemption on House Sale Even If You Missed Filing Original ITR – Technical Delay Won’t Cost You Lakhs!

In a taxpayer-friendly order, ITAT Mumbai has held that deduction under Section 54 cannot be denied merely because no original return u/s 139(1) was filed, as long as the claim relates directly to the escaped LTCG from house sale and reinvestment conditions are met – a boon for common homebuyers facing genuine filing delays.