https://www.taxtmi.com/caselaws?id=275287 A contract for sale of immovable property does not by itself transfer title, create an interest in the property, or amount to a conveyance for stamp duty purposes merely because possession or consideration may have passed. The document dated 16 October 1984 was treated as an agreement to sell because it contemplated a future conveyance after title verification and other formalities. The 1985 Explanation to Item 25 of Schedule I to the Bombay Stamp Act, which deems certain possession-backed agreements to be conveyances, was held to operate only prospectively from 9 December 1985 and could not apply to an earlier transaction. en-us Wed, 28 Jul 1993 00:00:00 +0530 Wed, 26 Sep 2018 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275287 A contract for sale of immovable property does not by itself transfer title, create an interest in the property, or amount to a conveyance for stamp duty purposes merely because possession or consideration may have passed. The document dated 16 October 1984 was treated as an agreement to sell because it contemplated a future conveyance after title verification and other formalities. The 1985 Explanation to Item 25 of Schedule I to the Bombay Stamp Act, which deems certain possession-backed agreements to be conveyances, was held to operate only prospectively from 9 December 1985 and could not apply to an earlier transaction. Case-Laws Indian Laws Wed, 28 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275287