Advance Payment Under Sale Agreement Isn't a Transfer of Asset Rights per Income Tax Act Section 2(47. https://www.taxtmi.com/highlights?id=14653 Capital Gains - Transfer u/s 2(47) - whether receipt of advance against agreement of sale (duty registered) would constitute transfer or relinquishment of the asset and extinguishment of any right - held No - AT en-us Sat, 21 Sep 2013 13:14:46 +0530 Sat, 21 Sep 2013 13:14:46 +0530 TaxTMI RSS Generator Advance Payment Under Sale Agreement Isn't a Transfer of Asset Rights per Income Tax Act Section 2(47. https://www.taxtmi.com/highlights?id=14653 Capital Gains - Transfer u/s 2(47) - whether receipt of advance against agreement of sale (duty registered) would constitute transfer or relinquishment of the asset and extinguishment of any right - held No - AT Highlights Income Tax Sat, 21 Sep 2013 13:14:46 +0530 https://www.taxtmi.com/highlights?id=14653