https://www.taxtmi.com/caselaws?id=283493 Leasehold rights in mines were treated as a capital asset because property of any kind falls within the statutory definition unless expressly excluded, and such rights were neither stock-in-trade, personal effects nor agricultural land. The sale was held to occur only on execution and registration of the sale deed, because the agreement to sell was conditional on title approval, governmental sanction and further transfer formalities and did not itself convey title. For capital gains purposes, the assessable gain arose when the transfer was completed by the registered conveyance. en-us Tue, 24 Jan 1961 00:00:00 +0530 Wed, 25 Sep 2019 13:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283493 Leasehold rights in mines were treated as a capital asset because property of any kind falls within the statutory definition unless expressly excluded, and such rights were neither stock-in-trade, personal effects nor agricultural land. The sale was held to occur only on execution and registration of the sale deed, because the agreement to sell was conditional on title approval, governmental sanction and further transfer formalities and did not itself convey title. For capital gains purposes, the assessable gain arose when the transfer was completed by the registered conveyance. Case-Laws Income Tax Tue, 24 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283493