https://www.taxtmi.com/caselaws?id=326749 Where the registered sale deed made completion conditional on realisation of post-dated cheques, the transfer was not an effective conveyance merely because registration occurred. The parties retained the original deed pending payment, part of the consideration was not realised on due dates, and their later conduct and fresh agreement showed that they treated the sale as complete only after full payment in the later financial year. Capital gains were therefore taxable in assessment year 2012-13, not assessment year 2011-12, and the alternative cross-objection grounds became infructuous. en-us Mon, 29 Feb 2016 00:00:00 +0530 Sat, 23 Apr 2016 10:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326749 Where the registered sale deed made completion conditional on realisation of post-dated cheques, the transfer was not an effective conveyance merely because registration occurred. The parties retained the original deed pending payment, part of the consideration was not realised on due dates, and their later conduct and fresh agreement showed that they treated the sale as complete only after full payment in the later financial year. Capital gains were therefore taxable in assessment year 2012-13, not assessment year 2011-12, and the alternative cross-objection grounds became infructuous. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326749