https://www.taxtmi.com/caselaws?id=181673 For capital gains purposes, transfer of immovable property is treated as taking effect on execution of the conveyance, not on later presentation or completion of registration. The taxing provisions in section 45 read with the statutory meaning of "transfer" in sections 2(14) and 2(47) govern the analysis, and section 47 of the Registration Act gives the registered document retrospective operation from the date it would have operated if registration were unnecessary. The decisive date is therefore the execution date, when the transferor's rights are extinguished, even if registration is completed afterwards. en-us Fri, 15 Jun 2001 00:00:00 +0530 Thu, 21 Apr 2016 17:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181673 For capital gains purposes, transfer of immovable property is treated as taking effect on execution of the conveyance, not on later presentation or completion of registration. The taxing provisions in section 45 read with the statutory meaning of "transfer" in sections 2(14) and 2(47) govern the analysis, and section 47 of the Registration Act gives the registered document retrospective operation from the date it would have operated if registration were unnecessary. The decisive date is therefore the execution date, when the transferor's rights are extinguished, even if registration is completed afterwards. Case-Laws Income Tax Fri, 15 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181673