https://www.taxtmi.com/caselaws?id=220748 An agreement to sell could not be treated as the date of transfer of immovable property for claiming capital gains deduction, because only earnest money had been received on that date and the balance consideration was paid later on execution of the sale deed. Since possession had not been delivered before the sale deed and the full sale consideration had not been received earlier, the agreement did not effect a transfer. An agreement to sell does not by itself create any interest in immovable property, so the claimed transfer date was rejected and the deduction was unavailable. en-us Tue, 29 Jan 2013 00:00:00 +0530 Sun, 10 Feb 2013 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220748 An agreement to sell could not be treated as the date of transfer of immovable property for claiming capital gains deduction, because only earnest money had been received on that date and the balance consideration was paid later on execution of the sale deed. Since possession had not been delivered before the sale deed and the full sale consideration had not been received earlier, the agreement did not effect a transfer. An agreement to sell does not by itself create any interest in immovable property, so the claimed transfer date was rejected and the deduction was unavailable. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220748