https://www.taxtmi.com/caselaws?id=352902 Transfer of a capital asset was treated as having occurred in the earlier assessment year because the assessee had executed a sale agreement, received consideration, and handed over possession, bringing the transaction within section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The Court accepted the factual finding of the lower authorities and found no error of law in that conclusion, while holding that the Revenue's proposed questions did not raise any substantial question of law. Capital gains were therefore not taxable in the later assessment year after registration of the sale deed. en-us Thu, 14 Dec 2017 00:00:00 +0530 Sat, 23 Dec 2017 09:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352902 Transfer of a capital asset was treated as having occurred in the earlier assessment year because the assessee had executed a sale agreement, received consideration, and handed over possession, bringing the transaction within section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The Court accepted the factual finding of the lower authorities and found no error of law in that conclusion, while holding that the Revenue's proposed questions did not raise any substantial question of law. Capital gains were therefore not taxable in the later assessment year after registration of the sale deed. Case-Laws Income Tax Thu, 14 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352902