https://www.taxtmi.com/caselaws?id=10886 For deemed gift-tax on immovable property, the transfer is completed only when the instrument required by law is executed and validly registered. Section 123 of the Transfer of Property Act requires registration for a gift of immovable property, and the wider definition of "transfer of property" in section 2(xxiv) of the Gift-tax Act does not remove that requirement. Section 47 of the Registration Act operates only after registration is complete and does not make an earlier agreement or delivery effective against the Revenue. The relevant date for levy is therefore the date of registration, when the transfer becomes complete in law. en-us Fri, 30 Apr 2004 00:00:00 +0530 Mon, 27 Jul 2009 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10886 For deemed gift-tax on immovable property, the transfer is completed only when the instrument required by law is executed and validly registered. Section 123 of the Transfer of Property Act requires registration for a gift of immovable property, and the wider definition of "transfer of property" in section 2(xxiv) of the Gift-tax Act does not remove that requirement. Section 47 of the Registration Act operates only after registration is complete and does not make an earlier agreement or delivery effective against the Revenue. The relevant date for levy is therefore the date of registration, when the transfer becomes complete in law. Case-Laws Income Tax Fri, 30 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10886