https://www.taxtmi.com/caselaws?id=258120 Capital gains on the sale of immovable property were taxable in assessment year 2006-07 because the transaction satisfied section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The registered deed and surrounding conduct showed that the vendors had received consideration, handed over title documents, and put the purchaser in possession in September 2005; later registration did not postpone transfer. On those facts, the earlier year was the year of assessability and the challenge failed. en-us Wed, 09 Jan 2013 00:00:00 +0530 Wed, 01 Apr 2015 05:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258120 Capital gains on the sale of immovable property were taxable in assessment year 2006-07 because the transaction satisfied section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The registered deed and surrounding conduct showed that the vendors had received consideration, handed over title documents, and put the purchaser in possession in September 2005; later registration did not postpone transfer. On those facts, the earlier year was the year of assessability and the challenge failed. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258120