https://www.taxtmi.com/caselaws?id=291389 Possession retained under a sale agreement, together with substantial part-payment of consideration, completed the transfer under section 2(47)(v) read with section 53A of the Transfer of Property Act; the capital gains therefore arose in the earlier year relevant to assessment year 1993-94. The later assessment years 2000-01 and 2002-03 could not be used to shift the tax incidence merely because further amounts were received later. Section 45(5)(b) did not apply, as it is confined to enhanced consideration awarded by a court, tribunal or other authority in compulsory acquisition or a similar statutory context. en-us Thu, 16 Dec 2010 00:00:00 +0530 Mon, 09 Nov 2020 10:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291389 Possession retained under a sale agreement, together with substantial part-payment of consideration, completed the transfer under section 2(47)(v) read with section 53A of the Transfer of Property Act; the capital gains therefore arose in the earlier year relevant to assessment year 1993-94. The later assessment years 2000-01 and 2002-03 could not be used to shift the tax incidence merely because further amounts were received later. Section 45(5)(b) did not apply, as it is confined to enhanced consideration awarded by a court, tribunal or other authority in compulsory acquisition or a similar statutory context. Case-Laws Income Tax Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291389