https://www.taxtmi.com/caselaws?id=181281 For capital gains purposes, the article explains that an agreement to sell and a power of attorney may amount to a transfer when they satisfy section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. On the majority view discussed, full consideration, the terms of the agreement, and the power of attorney showed completion of the transaction on 5-9-2002, so later registration did not shift the transfer date. The contrary view treated registration and delivery of possession as decisive. The stated result was short-term capital gains treatment. en-us Wed, 05 Jan 2011 00:00:00 +0530 Mon, 21 Aug 2023 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181281 For capital gains purposes, the article explains that an agreement to sell and a power of attorney may amount to a transfer when they satisfy section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. On the majority view discussed, full consideration, the terms of the agreement, and the power of attorney showed completion of the transaction on 5-9-2002, so later registration did not shift the transfer date. The contrary view treated registration and delivery of possession as decisive. The stated result was short-term capital gains treatment. Case-Laws Income Tax Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181281