https://www.taxtmi.com/caselaws?id=69092 For capital gains computation under section 45, the transfer of immovable property was treated as taking place on the date the sale deed was executed, not on the later date of registration. The reasoning was that section 47 of the Registration Act gives a registered document retrospective operation from the date it would have commenced to operate if registration had not been required, so registration does not postpone transfer. Authorities dealing with unregistered instruments and gift-tax cases were distinguished as inapplicable. The reassessments based on capital gains from the impugned transfers were therefore set aside. en-us Fri, 27 Dec 1991 00:00:00 +0530 Tue, 25 Jun 2013 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69092 For capital gains computation under section 45, the transfer of immovable property was treated as taking place on the date the sale deed was executed, not on the later date of registration. The reasoning was that section 47 of the Registration Act gives a registered document retrospective operation from the date it would have commenced to operate if registration had not been required, so registration does not postpone transfer. Authorities dealing with unregistered instruments and gift-tax cases were distinguished as inapplicable. The reassessments based on capital gains from the impugned transfers were therefore set aside. Case-Laws Income Tax Fri, 27 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69092