https://www.taxtmi.com/caselaws?id=67498 For capital gains purposes, where a plot was allotted and possession given in 1979 but the sale deed was registered later, the effective transfer was treated as relating back to the date of allotment and possession. The statutory scheme under section 47 of the Indian Registration Act, 1877 and section 2(47)(v) of the Income-tax Act, 1961 supported retrospective operation where possession was given in part performance, so the transfer was not confined to the date of registration. On that basis, the gain was characterised as long-term capital gain and the assessee was held entitled to section 54F relief. en-us Tue, 09 Feb 1993 00:00:00 +0530 Thu, 10 Mar 2011 18:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67498 For capital gains purposes, where a plot was allotted and possession given in 1979 but the sale deed was registered later, the effective transfer was treated as relating back to the date of allotment and possession. The statutory scheme under section 47 of the Indian Registration Act, 1877 and section 2(47)(v) of the Income-tax Act, 1961 supported retrospective operation where possession was given in part performance, so the transfer was not confined to the date of registration. On that basis, the gain was characterised as long-term capital gain and the assessee was held entitled to section 54F relief. Case-Laws Income Tax Tue, 09 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67498