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    Reasonable cause limits transfer-pricing penalties, while appellate enhancement cannot extend proceedings to transactions never included in initiation
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      SC held that the impugned judgment is set aside and the appeal...

      Appeal allowed; judgment set aside, plaintiff's suit for possession dismissed - Agreement not conveyance under Section 54; Section 53A unavailable

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      Indian LawsSeptember 5, 2025Case LawsSC
      SC held that the impugned judgment is set aside and the appeal is allowed; the plaintiff's suit for possession, mesne profits, declaration and mandatory injunction is dismissed. The court ruled the Agreement to Sell, GPA, receipt and registered will did not confer proprietary title: an agreement for sale is not a deed of conveyance under Section 54 TP Act and at best entitles the transferee to seek specific performance. The registered will was not properly proved and cannot operate to vest title. The claimant cannot invoke Section 53A TP Act because there was no possession at suit filing. Rights of class-I heirs are preserved and parties may pursue statutory shares accordingly.

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      ActsIncome Tax