https://www.taxtmi.com/caselaws?id=364662 An unregistered development agreement does not amount to transfer under section 2(47)(v) because clause (v) applies only where the arrangement satisfies the requirements of section 53A of the Transfer of Property Act, including the statutory registration condition after the 2001 amendment. It also does not amount to transfer under section 2(47)(vi) unless the arrangement confers ownership-like enjoyment of the immovable property; a limited licence to enter and develop land, with possession retained by the owners and no part-performance possession, is insufficient. On these principles, no taxable transfer arose in the relevant assessment year. en-us Wed, 25 Jul 2018 00:00:00 +0530 Tue, 12 Mar 2019 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364662 An unregistered development agreement does not amount to transfer under section 2(47)(v) because clause (v) applies only where the arrangement satisfies the requirements of section 53A of the Transfer of Property Act, including the statutory registration condition after the 2001 amendment. It also does not amount to transfer under section 2(47)(vi) unless the arrangement confers ownership-like enjoyment of the immovable property; a limited licence to enter and develop land, with possession retained by the owners and no part-performance possession, is insufficient. On these principles, no taxable transfer arose in the relevant assessment year. Case-Laws Income Tax Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364662