https://www.taxtmi.com/caselaws?id=11513 A written agreement to purchase property, coupled with payment of consideration and delivery of possession, satisfied the ingredients of part performance under section 53A of the Transfer of Property Act. That transaction therefore fell within the definition of "transfer" in section 2(47) of the Income-tax Act, even though no registered sale deed had been executed in favour of the assessee. The assessee's subsequent transfer of its interest in the property was thus a transfer of a capital asset, and the profit derived from that transaction was chargeable as short-term capital gain rather than income from other sources. en-us Mon, 28 Jul 2003 00:00:00 +0530 Tue, 11 Aug 2009 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11513 A written agreement to purchase property, coupled with payment of consideration and delivery of possession, satisfied the ingredients of part performance under section 53A of the Transfer of Property Act. That transaction therefore fell within the definition of "transfer" in section 2(47) of the Income-tax Act, even though no registered sale deed had been executed in favour of the assessee. The assessee's subsequent transfer of its interest in the property was thus a transfer of a capital asset, and the profit derived from that transaction was chargeable as short-term capital gain rather than income from other sources. Case-Laws Income Tax Mon, 28 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11513