https://www.taxtmi.com/caselaws?id=62636 An agreement for sale was treated as a transfer under section 2(47)(v) because the purchaser exercised the contractual option, paid substantial consideration, and was allowed possession in part performance; lack of registration and pending DDA consent did not defer the capital gains charge, so the long-term capital gains addition was sustained. The disallowance of telephone expenses was deleted for a company, the fee to the registered valuer was held revenue in nature, and the miscellaneous expenses were found reasonable on the record and past trend, so those disallowances were deleted. en-us Mon, 29 Nov 1999 00:00:00 +0530 Thu, 20 Jan 2011 18:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62636 An agreement for sale was treated as a transfer under section 2(47)(v) because the purchaser exercised the contractual option, paid substantial consideration, and was allowed possession in part performance; lack of registration and pending DDA consent did not defer the capital gains charge, so the long-term capital gains addition was sustained. The disallowance of telephone expenses was deleted for a company, the fee to the registered valuer was held revenue in nature, and the miscellaneous expenses were found reasonable on the record and past trend, so those disallowances were deleted. Case-Laws Income Tax Mon, 29 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62636