https://www.taxtmi.com/highlights?id=34741 The capital gain would be taxable in the year in which such transactions are entered into even if the transfer of the immovable property is not effective or complete under the general law - The completion of "transfer" of an immovable property as per the general law is not a requirement for the applicability of the provisions of sub-clause (v) of section 2(47). - AT en-us Wed, 10 May 2017 07:23:54 +0530 Wed, 10 May 2017 07:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34741 The capital gain would be taxable in the year in which such transactions are entered into even if the transfer of the immovable property is not effective or complete under the general law - The completion of "transfer" of an immovable property as per the general law is not a requirement for the applicability of the provisions of sub-clause (v) of section 2(47). - AT Highlights Income Tax Wed, 10 May 2017 07:23:54 +0530 https://www.taxtmi.com/highlights?id=34741