https://www.taxtmi.com/caselaws?id=25791 The High Court held that the conversion of individual property into partnership property without a valid registered transfer document does not constitute a transfer for tax assessment purposes. As the transfer lacked a registered document, the profit derived from the transaction was not assessable to tax as capital gains. The court emphasized the necessity of a registered document for property transfers exceeding Rs. 100, affirming the Tribunal's decision and dismissing the tax case petition. en-us Tue, 05 Apr 1983 00:00:00 +0530 Sat, 30 Jan 2010 18:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25791 The High Court held that the conversion of individual property into partnership property without a valid registered transfer document does not constitute a transfer for tax assessment purposes. As the transfer lacked a registered document, the profit derived from the transaction was not assessable to tax as capital gains. The court emphasized the necessity of a registered document for property transfers exceeding Rs. 100, affirming the Tribunal's decision and dismissing the tax case petition. Case-Laws Income Tax Tue, 05 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25791