https://www.taxtmi.com/caselaws?id=281467 Section 54B relief can be available where the transfer of agricultural land is treated as having occurred on an acted-upon agreement to sell, with consideration received and possession handed over, even if the registered sale deed is executed later. Applying section 2(47)(v) and (vi) of the Income-tax Act read with section 53A of the Transfer of Property Act, the Tribunal treated the later deed as performance of the earlier arrangement rather than the first transfer event. The purchase of new agricultural land was therefore linked to the transfer of the old land, and the timing of registration did not defeat the exemption. en-us Tue, 18 Sep 2018 00:00:00 +0530 Thu, 20 Jun 2019 15:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281467 Section 54B relief can be available where the transfer of agricultural land is treated as having occurred on an acted-upon agreement to sell, with consideration received and possession handed over, even if the registered sale deed is executed later. Applying section 2(47)(v) and (vi) of the Income-tax Act read with section 53A of the Transfer of Property Act, the Tribunal treated the later deed as performance of the earlier arrangement rather than the first transfer event. The purchase of new agricultural land was therefore linked to the transfer of the old land, and the timing of registration did not defeat the exemption. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281467