https://www.taxtmi.com/caselaws?id=13525 For assessment years before the expanded definition of "transfer" in section 2(47) of the Income-tax Act, capital gains on immovable property depend on a legally effective conveyance or registered transfer of title. Mere possession or alleged part performance does not shift the tax incidence where there is no deed of conveyance, no registered transfer, and no material showing valid transfer of ownership. In such circumstances, the transfer is treated as having been made by the person shown by the registered sale deeds to have executed the conveyance, rather than by a party relying only on possession. en-us Thu, 29 Jun 2006 00:00:00 +0530 Sun, 02 May 2010 23:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13525 For assessment years before the expanded definition of "transfer" in section 2(47) of the Income-tax Act, capital gains on immovable property depend on a legally effective conveyance or registered transfer of title. Mere possession or alleged part performance does not shift the tax incidence where there is no deed of conveyance, no registered transfer, and no material showing valid transfer of ownership. In such circumstances, the transfer is treated as having been made by the person shown by the registered sale deeds to have executed the conveyance, rather than by a party relying only on possession. Case-Laws Income Tax Thu, 29 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13525