https://www.taxtmi.com/caselaws?id=410385 Where possession and the substantive transfer had already occurred in an earlier year, later registration of sale deeds did not create a fresh transfer for capital gains purposes. The article also notes that a finding of relinquishment must rest on verified material; an inference based only on presumption is insufficient to support long-term capital gains on retained property rights. The operative point is that completed transactions are not recharacterised for tax merely because documents are registered later, and unsupported allegations of surrender of rights do not by themselves establish taxability in the relevant year. en-us Mon, 26 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410385 Where possession and the substantive transfer had already occurred in an earlier year, later registration of sale deeds did not create a fresh transfer for capital gains purposes. The article also notes that a finding of relinquishment must rest on verified material; an inference based only on presumption is insufficient to support long-term capital gains on retained property rights. The operative point is that completed transactions are not recharacterised for tax merely because documents are registered later, and unsupported allegations of surrender of rights do not by themselves establish taxability in the relevant year. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410385