https://www.taxtmi.com/caselaws?id=65949 A registered transfer deed intended to operate from the date of execution takes effect for tax purposes from that execution date, even if registration occurs later. Applying section 47 of the Registration Act, 1908, the transferee was treated as owner from the execution date. Because the transferee was not the assessee's spouse on that date, the clubbing condition in section 64(1)(iv) of the Income-tax Act, 1961 was not met. For the same reason, the property value was not includible in the assessee's net wealth under the Wealth-tax Act, 1957. en-us Wed, 27 Jul 1983 00:00:00 +0530 Sat, 19 Feb 2011 14:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65949 A registered transfer deed intended to operate from the date of execution takes effect for tax purposes from that execution date, even if registration occurs later. Applying section 47 of the Registration Act, 1908, the transferee was treated as owner from the execution date. Because the transferee was not the assessee's spouse on that date, the clubbing condition in section 64(1)(iv) of the Income-tax Act, 1961 was not met. For the same reason, the property value was not includible in the assessee's net wealth under the Wealth-tax Act, 1957. Case-Laws Wealth-tax Wed, 27 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65949