https://www.taxtmi.com/caselaws?id=10073 For gift-tax purposes, a gift of immovable property is completed only when the gift deed is validly registered, because transfer under the Transfer of Property Act requires a registered instrument and a valid transfer in law. The date of execution or alleged delivery of possession does not fix the tax point. Registration is complete only when the statutory registration process is finished, and section 47 does not advance the completion date for tax purposes. The relevant assessment year is therefore determined by the date of registration. en-us Thu, 29 Apr 2004 00:00:00 +0530 Tue, 07 Jul 2009 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10073 For gift-tax purposes, a gift of immovable property is completed only when the gift deed is validly registered, because transfer under the Transfer of Property Act requires a registered instrument and a valid transfer in law. The date of execution or alleged delivery of possession does not fix the tax point. Registration is complete only when the statutory registration process is finished, and section 47 does not advance the completion date for tax purposes. The relevant assessment year is therefore determined by the date of registration. Case-Laws Income Tax Thu, 29 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10073