https://www.taxtmi.com/caselaws?id=178767 For capital gains purposes under the Kerala Land Acquisition Act, 1961, transfer is triggered only when possession is taken and the land vests absolutely in the Government. Mere publication of the acquisition notification does not by itself create a taxable transfer, because the statutory vesting mechanism under the Kerala Act differs from the Requisitioning and Acquisition of Immovable Property Act, 1952. The principle therefore is that the timing of transfer depends on the governing acquisition statute, and liability arises on actual vesting by possession rather than on notification alone. en-us Fri, 08 Oct 1999 00:00:00 +0530 Fri, 12 Feb 2016 11:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178767 For capital gains purposes under the Kerala Land Acquisition Act, 1961, transfer is triggered only when possession is taken and the land vests absolutely in the Government. Mere publication of the acquisition notification does not by itself create a taxable transfer, because the statutory vesting mechanism under the Kerala Act differs from the Requisitioning and Acquisition of Immovable Property Act, 1952. The principle therefore is that the timing of transfer depends on the governing acquisition statute, and liability arises on actual vesting by possession rather than on notification alone. Case-Laws Income Tax Fri, 08 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178767