https://www.taxtmi.com/caselaws?id=395022 Where an owner has received full consideration and delivered vacant possession under an agreement of sale cum GPA, the transaction is treated as a transfer under section 2(47) of the Income-tax Act read with section 53A of the Transfer of Property Act. A later sale deed executed by the transferee cum GPA-holder does not create a fresh transfer by the original owner, especially where the owner was not a signatory to that deed and received no further consideration. On that basis, no capital gains arose in the original owner's hands from the later document, and the capital gains addition was unsustainable. en-us Wed, 29 Apr 2020 00:00:00 +0530 Sat, 02 May 2020 12:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395022 Where an owner has received full consideration and delivered vacant possession under an agreement of sale cum GPA, the transaction is treated as a transfer under section 2(47) of the Income-tax Act read with section 53A of the Transfer of Property Act. A later sale deed executed by the transferee cum GPA-holder does not create a fresh transfer by the original owner, especially where the owner was not a signatory to that deed and received no further consideration. On that basis, no capital gains arose in the original owner's hands from the later document, and the capital gains addition was unsustainable. Case-Laws Income Tax Wed, 29 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395022