Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
SC held that an unregistered deed assigning a decree for specific performance of an agreement to sell immovable property is valid and does not attract mandatory registration under S.17(1)(e) of the Registration Act, 1908. The Court reiterated that neither an agreement of sale nor a decree for specific performance, by itself, creates or transfers right, title or interest in immovable property; such rights arise only upon execution and registration of a conveyance deed. As the underlying decree does not itself create proprietary rights, its assignment does not fall within the ambit of S.17(1)(e). Consequently, the assignment deed executed by X in favour of Y was held enforceable. The Executing Ct's refusal to execute was set aside, the HC's judgment was affirmed, and the appeal was dismissed.
SC held that an unregistered deed assigning a decree for specific performance of an agreement to sell immovable property is valid and does not attract mandatory registration under S.17(1)(e) of the Registration Act, 1908. The Court reiterated that neither an agreement of sale nor a decree for specific performance, by itself, creates or transfers right, title or interest in immovable property; such rights arise only upon execution and registration of a conveyance deed. As the underlying decree does not itself create proprietary rights, its assignment does not fall within the ambit of S.17(1)(e). Consequently, the assignment deed executed by X in favour of Y was held enforceable. The Executing Ct's refusal to execute was set aside, the HC's judgment was affirmed, and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.