https://www.taxtmi.com/caselaws?id=69531 Exchange of immovable property was treated as complete only upon registration, because Section 47 of the Registration Act operates from registration and does not make the transfer complete on mere execution. Since the exchange deed was registered after the close of the relevant previous year, the taxable event under the Gift-tax Act arose after that year. No deemed gift could therefore be brought to tax in assessment year 1982-83, and the Revenue's challenge failed. en-us Fri, 20 Jan 1989 00:00:00 +0530 Thu, 07 Apr 2011 14:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69531 Exchange of immovable property was treated as complete only upon registration, because Section 47 of the Registration Act operates from registration and does not make the transfer complete on mere execution. Since the exchange deed was registered after the close of the relevant previous year, the taxable event under the Gift-tax Act arose after that year. No deemed gift could therefore be brought to tax in assessment year 1982-83, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 20 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69531