https://www.taxtmi.com/caselaws?id=66779 A gift deed executed and presented for registration on 31 March 1986 was treated as complete in the accounting year relevant to assessment year 1986-87, because the Gift-tax Act was read as not importing the registration requirements of section 123 of the Transfer of Property Act and section 47 of the Registration Act gave the registered document effect from the date it would have operated but for compulsory registration. The note also records that assessment for assessment year 1987-88 was made without a valid return and without statutory notice, reinforcing that the gift was not properly brought to tax in that year. en-us Tue, 15 Jan 1991 00:00:00 +0530 Mon, 07 Mar 2011 12:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66779 A gift deed executed and presented for registration on 31 March 1986 was treated as complete in the accounting year relevant to assessment year 1986-87, because the Gift-tax Act was read as not importing the registration requirements of section 123 of the Transfer of Property Act and section 47 of the Registration Act gave the registered document effect from the date it would have operated but for compulsory registration. The note also records that assessment for assessment year 1987-88 was made without a valid return and without statutory notice, reinforcing that the gift was not properly brought to tax in that year. Case-Laws Income Tax Tue, 15 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66779