https://www.taxtmi.com/caselaws?id=404652 A registered joint development arrangement and accompanying power of attorney were treated as giving the developer effective possession and control in part performance, so the transfer was deemed to occur on the date of that arrangement under section 2(47)(v) read with section 53A. Capital gains were therefore chargeable in the earlier year and not in assessment year 2012-13, and the later registered sale deed did not shift the tax year; the assessee's earlier disclosure did not create an estoppel against the statute. Because no transfer was taxable in assessment year 2012-13, section 50C did not apply for that year, and the section 54G claim was relevant only in the correct year of assessment. en-us Thu, 25 Feb 2021 00:00:00 +0530 Sat, 07 Aug 2021 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404652 A registered joint development arrangement and accompanying power of attorney were treated as giving the developer effective possession and control in part performance, so the transfer was deemed to occur on the date of that arrangement under section 2(47)(v) read with section 53A. Capital gains were therefore chargeable in the earlier year and not in assessment year 2012-13, and the later registered sale deed did not shift the tax year; the assessee's earlier disclosure did not create an estoppel against the statute. Because no transfer was taxable in assessment year 2012-13, section 50C did not apply for that year, and the section 54G claim was relevant only in the correct year of assessment. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404652