https://www.taxtmi.com/caselaws?id=12615 For capital gains purposes, a transfer under section 2(47)(v) of the Income-tax Act may arise when possession of a defined portion of immovable property is handed over in part performance of a written agreement satisfying section 53A of the Transfer of Property Act. The text states that where only part of the property is transferred in this manner, the statutory transfer is confined to that portion, capital gains accrue in the year possession is delivered, and the sale consideration may be allocated on a proportionate basis to the part actually transferred. en-us Mon, 04 Mar 2002 00:00:00 +0530 Wed, 20 May 2009 16:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12615 For capital gains purposes, a transfer under section 2(47)(v) of the Income-tax Act may arise when possession of a defined portion of immovable property is handed over in part performance of a written agreement satisfying section 53A of the Transfer of Property Act. The text states that where only part of the property is transferred in this manner, the statutory transfer is confined to that portion, capital gains accrue in the year possession is delivered, and the sale consideration may be allocated on a proportionate basis to the part actually transferred. Case-Laws Income Tax Mon, 04 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12615