https://www.taxtmi.com/caselaws?id=327179 For capital gains purposes, the transfer date was taken from the registered sale deed rather than an earlier notarized agreement to sell, because the deed recorded delivery of possession and was preferred over conflicting unsupported assertions. Capital gains were therefore taxable in the relevant assessment year. On the separate valuation issue, the adopted fair market value as on 01/04/1981 was found to lack adequate basis, and the matter was remitted for fresh determination after allowing the assessee to produce evidence. en-us Wed, 23 Mar 2016 00:00:00 +0530 Thu, 05 May 2016 00:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327179 For capital gains purposes, the transfer date was taken from the registered sale deed rather than an earlier notarized agreement to sell, because the deed recorded delivery of possession and was preferred over conflicting unsupported assertions. Capital gains were therefore taxable in the relevant assessment year. On the separate valuation issue, the adopted fair market value as on 01/04/1981 was found to lack adequate basis, and the matter was remitted for fresh determination after allowing the assessee to produce evidence. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327179