https://www.taxtmi.com/caselaws?id=22781 A sale of immovable property intended to be completed only on receipt of full consideration was not treated as a completed transfer before 1 June 1989, so Chapter XX-C of the Income-tax Act applied. The alleged prior possession receipt was not disclosed in the statutory statement, was inconsistent with the contemporaneous documents, and was treated as an afterthought. Even if possession were claimed under section 53A of the Transfer of Property Act, it could not override the special statutory purchase regime in the notified area. The result was that the statutory purchase machinery under sections 269UC, 269UD and 269UE remained operative. en-us Fri, 09 Nov 1990 00:00:00 +0530 Mon, 14 Dec 2009 10:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22781 A sale of immovable property intended to be completed only on receipt of full consideration was not treated as a completed transfer before 1 June 1989, so Chapter XX-C of the Income-tax Act applied. The alleged prior possession receipt was not disclosed in the statutory statement, was inconsistent with the contemporaneous documents, and was treated as an afterthought. Even if possession were claimed under section 53A of the Transfer of Property Act, it could not override the special statutory purchase regime in the notified area. The result was that the statutory purchase machinery under sections 269UC, 269UD and 269UE remained operative. Case-Laws Income Tax Fri, 09 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22781