https://www.taxtmi.com/caselaws?id=76210 An agreement to sell covering the entire property, coupled with delivery of possession and receipt of full consideration, was treated as attracting the doctrine of part performance under section 53A of the Transfer of Property Act. The relevant inquiry was whether the acts were referable to the contract and whether the agreement holder obtained possession under that arrangement; on those facts, the transaction was held to amount to a transfer under section 2(47) of the Income-tax Act, 1961 for capital gains purposes. The later execution of a power of attorney and sale deeds by the power holder in respect of portions of the property did not alter the original contractual position or the effect of the earlier possession and payment. en-us Mon, 15 Feb 2010 00:00:00 +0530 Tue, 15 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76210 An agreement to sell covering the entire property, coupled with delivery of possession and receipt of full consideration, was treated as attracting the doctrine of part performance under section 53A of the Transfer of Property Act. The relevant inquiry was whether the acts were referable to the contract and whether the agreement holder obtained possession under that arrangement; on those facts, the transaction was held to amount to a transfer under section 2(47) of the Income-tax Act, 1961 for capital gains purposes. The later execution of a power of attorney and sale deeds by the power holder in respect of portions of the property did not alter the original contractual position or the effect of the earlier possession and payment. Case-Laws Income Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76210