https://www.taxtmi.com/caselaws?id=22649 A gift of immovable property is completed for gift-tax purposes only when the gift deed is registered, because the Transfer of Property Act and section 17(1)(a) of the Registration Act require registration for a valid transfer. Section 47 of the Registration Act gives a registered document retrospective operation from execution between the parties for limited purposes, but it does not complete an unregistered transfer or move the effective date back against third parties, including the Revenue. Accordingly, the property gifted was taxable in the assessment year in which registration took place. en-us Mon, 03 Jul 1989 00:00:00 +0530 Sat, 12 Dec 2009 10:43:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22649 A gift of immovable property is completed for gift-tax purposes only when the gift deed is registered, because the Transfer of Property Act and section 17(1)(a) of the Registration Act require registration for a valid transfer. Section 47 of the Registration Act gives a registered document retrospective operation from execution between the parties for limited purposes, but it does not complete an unregistered transfer or move the effective date back against third parties, including the Revenue. Accordingly, the property gifted was taxable in the assessment year in which registration took place. Case-Laws Income Tax Mon, 03 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22649