Transfer of capital asset includes sale, extinguishment of rights, immovable property arrangements, and other inclusive transactions. The expression 'transfer' in relation to a capital asset is defined inclusively and covers sale, exchange, relinquishment, extinguishment of rights, compulsory acquisition, conversion into stock-in-trade, maturity or redemption of a zero coupon bond, and transactions that transfer or enable enjoyment of immovable property. It also includes part performance arrangements under section 53A of the Transfer of Property Act and any direct or indirect disposal, parting with, or creation of interest in an asset. The definition of immovable property includes land, buildings, associated items, and specified rights arising from memberships or agreements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of capital asset includes sale, extinguishment of rights, immovable property arrangements, and other inclusive transactions.
The expression "transfer" in relation to a capital asset is defined inclusively and covers sale, exchange, relinquishment, extinguishment of rights, compulsory acquisition, conversion into stock-in-trade, maturity or redemption of a zero coupon bond, and transactions that transfer or enable enjoyment of immovable property. It also includes part performance arrangements under section 53A of the Transfer of Property Act and any direct or indirect disposal, parting with, or creation of interest in an asset. The definition of immovable property includes land, buildings, associated items, and specified rights arising from memberships or agreements.
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