https://www.taxtmi.com/caselaws?id=239239 Transfer under section 2(47)(v) read with section 53A is complete only when the contractual arrangement and handing over of possession cumulatively satisfy the statutory conditions in the relevant year; on the facts, possession was handed over on 20.09.2005, so the transfer fell in A.Y. 2006-07 and the investment made within six months qualified for exemption under section 54EC. The addition under section 41(1) was sustained because no material was produced to dislodge the first appellate authority's finding and no effective argument was advanced. en-us Fri, 26 Apr 2013 00:00:00 +0530 Sat, 09 Nov 2013 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239239 Transfer under section 2(47)(v) read with section 53A is complete only when the contractual arrangement and handing over of possession cumulatively satisfy the statutory conditions in the relevant year; on the facts, possession was handed over on 20.09.2005, so the transfer fell in A.Y. 2006-07 and the investment made within six months qualified for exemption under section 54EC. The addition under section 41(1) was sustained because no material was produced to dislodge the first appellate authority's finding and no effective argument was advanced. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239239