https://www.taxtmi.com/caselaws?id=181281 For capital gains, an agreement to sell and power of attorney can constitute a transfer on their execution date where they meet the requirements of part performance under the Transfer of Property Act and enable possession and enjoyment of immovable property. Full consideration, contractual terms and the authority granted under the power of attorney may establish completion of the transaction despite later registration. Applying this approach, transfer of the agricultural land occurred on 5 September 2002 rather than the registration date, and the gain was treated as short-term capital gain. A contrary view treated registration and delivery of possession as determinative. 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, an agreement to sell and power of attorney can constitute a transfer on their execution date where they meet the requirements of part performance under the Transfer of Property Act and enable possession and enjoyment of immovable property. Full consideration, contractual terms and the authority granted under the power of attorney may establish completion of the transaction despite later registration. Applying this approach, transfer of the agricultural land occurred on 5 September 2002 rather than the registration date, and the gain was treated as short-term capital gain. A contrary view treated registration and delivery of possession as determinative. Case-Laws Income Tax Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181281