https://www.taxtmi.com/caselaws?id=181070 Section 2(47)(v) of the Income-tax Act operates only where the ingredients of section 53A of the Transfer of Property Act are established on the record, including the factual question of possession. Because no finding had been recorded on possession and the basic facts about the plots conveyed, the sale deeds, and whether possession of the entire land had been handed over were missing, the existing record was insufficient to treat a transfer as having occurred. The matter was therefore remitted for fresh consideration on the necessary facts, and the earlier orders were set aside. en-us Thu, 24 Jan 2008 00:00:00 +0530 Thu, 18 Jan 2024 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181070 Section 2(47)(v) of the Income-tax Act operates only where the ingredients of section 53A of the Transfer of Property Act are established on the record, including the factual question of possession. Because no finding had been recorded on possession and the basic facts about the plots conveyed, the sale deeds, and whether possession of the entire land had been handed over were missing, the existing record was insufficient to treat a transfer as having occurred. The matter was therefore remitted for fresh consideration on the necessary facts, and the earlier orders were set aside. Case-Laws Income Tax Thu, 24 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181070