https://www.taxtmi.com/caselaws?id=335966 For capital gains purposes, transfer of an immovable property can be linked to the date on which rights are effectively extinguished under an agreement to sell, and that date may govern the stamp valuation under section 50C. After the 2001 amendment to the Registration Act, an agreement executed on or after the amendment must be registered to attract protection under section 53A of the Transfer of Property Act; an unregistered agreement cannot be relied on to protect possession under that provision, though it may still support a specific performance claim. Where the transfer effect arose on the agreement date, valuation was required to be recomputed with reference to that date. en-us Thu, 22 Sep 2016 00:00:00 +0530 Tue, 13 Dec 2016 12:24:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335966 For capital gains purposes, transfer of an immovable property can be linked to the date on which rights are effectively extinguished under an agreement to sell, and that date may govern the stamp valuation under section 50C. After the 2001 amendment to the Registration Act, an agreement executed on or after the amendment must be registered to attract protection under section 53A of the Transfer of Property Act; an unregistered agreement cannot be relied on to protect possession under that provision, though it may still support a specific performance claim. Where the transfer effect arose on the agreement date, valuation was required to be recomputed with reference to that date. Case-Laws Income Tax Thu, 22 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335966