https://www.taxtmi.com/caselaws?id=263405 An unregistered agreement for sale executed after the 2001 amendment cannot be used to invoke part performance under Section 53A of the Transfer of Property Act, so possession is not treated as having passed on that basis. The note also explains that where the assessee fails to prove the claimed purchase price, authorities may rely on a seized agreement and corroborating sworn statements to adopt the consideration actually evidenced. It further records that short holding period, absence of agricultural operations, and surrounding facts may support a finding that the transaction is an adventure in the nature of trade, with concurrent factual findings ordinarily not disturbed in appeal under Section 260A. en-us Fri, 31 Jul 2015 00:00:00 +0530 Tue, 24 May 2016 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263405 An unregistered agreement for sale executed after the 2001 amendment cannot be used to invoke part performance under Section 53A of the Transfer of Property Act, so possession is not treated as having passed on that basis. The note also explains that where the assessee fails to prove the claimed purchase price, authorities may rely on a seized agreement and corroborating sworn statements to adopt the consideration actually evidenced. It further records that short holding period, absence of agricultural operations, and surrounding facts may support a finding that the transaction is an adventure in the nature of trade, with concurrent factual findings ordinarily not disturbed in appeal under Section 260A. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263405