https://www.taxtmi.com/caselaws?id=21206 For capital gains purposes, registration of a sale deed does not by itself constitute transfer of immovable property if the instrument shows that title and possession were to pass only on full payment of consideration. The controlling test is the parties' intention as gathered from the deed, and registration is only prima facie evidence of an intended transfer. Where full consideration had not been paid and the deed made payment a condition precedent, no effective conveyance arose during the relevant period and no transfer occurred under the capital gains provisions. en-us Thu, 21 May 1992 00:00:00 +0530 Fri, 20 Nov 2009 17:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21206 For capital gains purposes, registration of a sale deed does not by itself constitute transfer of immovable property if the instrument shows that title and possession were to pass only on full payment of consideration. The controlling test is the parties' intention as gathered from the deed, and registration is only prima facie evidence of an intended transfer. Where full consideration had not been paid and the deed made payment a condition precedent, no effective conveyance arose during the relevant period and no transfer occurred under the capital gains provisions. Case-Laws Income Tax Thu, 21 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21206