https://www.taxtmi.com/caselaws?id=202966 Section 54EC relief could not be denied on the narrow footing that transfer occurred only on execution of the registered sale deed. The wider definition of "transfer" under section 2(47), including transactions in part performance under section 53A of the Transfer of Property Act, applied to the assessee's agreement for sale and advance receipt, where the capital gains were invested in specified bonds within the relevant period. The revisional authority's rigid interpretation under section 263 was therefore unsustainable, and the assessee remained entitled to the section 54EC exemption. en-us Wed, 17 Jun 2009 00:00:00 +0530 Wed, 27 Apr 2011 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202966 Section 54EC relief could not be denied on the narrow footing that transfer occurred only on execution of the registered sale deed. The wider definition of "transfer" under section 2(47), including transactions in part performance under section 53A of the Transfer of Property Act, applied to the assessee's agreement for sale and advance receipt, where the capital gains were invested in specified bonds within the relevant period. The revisional authority's rigid interpretation under section 263 was therefore unsustainable, and the assessee remained entitled to the section 54EC exemption. Case-Laws Income Tax Wed, 17 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202966