https://www.taxtmi.com/caselaws?id=12625 A sale deed that recorded receipt of consideration and delivery of possession was treated as a completed transfer of a capital asset, and registration related back to the date of execution. A contemporaneous resale agreement did not undo the transfer already effected by the sale deed, because subjective intention to retain control could not override the legal effect of a valid sale. The arrangement was therefore within the statutory definition of transfer and attracted capital gains tax under section 45 of the Income-tax Act; the authorities on conditional sale, reconveyance, and collateral obligations did not alter that result. en-us Wed, 27 Feb 2002 00:00:00 +0530 Wed, 20 May 2009 16:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12625 A sale deed that recorded receipt of consideration and delivery of possession was treated as a completed transfer of a capital asset, and registration related back to the date of execution. A contemporaneous resale agreement did not undo the transfer already effected by the sale deed, because subjective intention to retain control could not override the legal effect of a valid sale. The arrangement was therefore within the statutory definition of transfer and attracted capital gains tax under section 45 of the Income-tax Act; the authorities on conditional sale, reconveyance, and collateral obligations did not alter that result. Case-Laws Income Tax Wed, 27 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12625