https://www.taxtmi.com/caselaws?id=260328 For capital gains purposes, the note explains that transfer is treated as complete when the sale deed is executed, possession is delivered, and consideration is substantially received; later registration does not by itself defer taxability to a later year. It also notes that a mere agreement to sell does not create title, while the income-tax position depends on the transaction having been effectively carried out. On valuation, the note states that where the assessee's 01.04.1981 fair market value claim is unsupported by a reliable report, the authority may reject it and adopt a reasonable estimate from the record. en-us Thu, 30 Oct 2014 00:00:00 +0530 Tue, 09 Jun 2015 07:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260328 For capital gains purposes, the note explains that transfer is treated as complete when the sale deed is executed, possession is delivered, and consideration is substantially received; later registration does not by itself defer taxability to a later year. It also notes that a mere agreement to sell does not create title, while the income-tax position depends on the transaction having been effectively carried out. On valuation, the note states that where the assessee's 01.04.1981 fair market value claim is unsupported by a reliable report, the authority may reject it and adopt a reasonable estimate from the record. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260328