https://www.taxtmi.com/caselaws?id=66651 For capital gains on tangible immovable property, transfer occurs only when title passes through a duly executed and registered conveyance; an agreement coupled with possession under part performance does not by itself complete the transfer. Here, the 1975 agreement merely placed the developer in possession and did not convey ownership, while the sale deed executed and registered on 23-4-1980 was treated as the operative transfer. A later rectification deed that only corrected the consideration description could not postpone or shift the passing of title. On that basis, the HUF remained the transferor when the registered sale deed was executed, and the capital gain arose in assessment year 1981-82. en-us Tue, 31 Mar 1987 00:00:00 +0530 Sat, 05 Mar 2011 13:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66651 For capital gains on tangible immovable property, transfer occurs only when title passes through a duly executed and registered conveyance; an agreement coupled with possession under part performance does not by itself complete the transfer. Here, the 1975 agreement merely placed the developer in possession and did not convey ownership, while the sale deed executed and registered on 23-4-1980 was treated as the operative transfer. A later rectification deed that only corrected the consideration description could not postpone or shift the passing of title. On that basis, the HUF remained the transferor when the registered sale deed was executed, and the capital gain arose in assessment year 1981-82. Case-Laws Income Tax Tue, 31 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66651