Where JDA was entered into by assessee on 31.5.2016 for development of a land and assessee contended that there was a dispute arose between partners of developer in 2021 and, therefore, construction of new residential villa was completed only in November 2023, since dispute among partners of developers arose in 2021 which was beyond period of 3 years from date of transfer of capital assets which happened pursuant to JDA on 31.5.2016 and that, admittedly, there was a delay of more than 7 years in completing construction, no exemption under section 54F could be granted to assessee – Smt. Lekha Reddy Mettu v. ACIT – [2024] 163 taxmann.com 303 (Hyderabad – Trib.)
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