https://www.taxtmi.com/caselaws?id=375075 Long-term capital gains were not taxable where a registered sale deed existed but possession was not effectively transferred and the agreed consideration was not fully received. The surrounding facts showed an ongoing dispute, post-dated cheques that were not honoured, and pending litigation, so the conditions associated with transfer by part performance were not satisfied. On those facts, the transaction did not amount to a completed transfer for capital gains purposes, and no real income arose on a merely notional basis. en-us Wed, 02 Jan 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375075 Long-term capital gains were not taxable where a registered sale deed existed but possession was not effectively transferred and the agreed consideration was not fully received. The surrounding facts showed an ongoing dispute, post-dated cheques that were not honoured, and pending litigation, so the conditions associated with transfer by part performance were not satisfied. On those facts, the transaction did not amount to a completed transfer for capital gains purposes, and no real income arose on a merely notional basis. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375075