https://www.taxtmi.com/caselaws?id=411940 A registered sale deed was treated as the operative transfer of a capital asset under section 2(47)(v) of the Income-tax Act, 1961, because the assessee had represented before the registration authority that vacant possession had been handed over and full consideration received. The later MOU and unregistered reconveyance agreement could not override the registered conveyance, and pending civil and criminal pleadings were insufficient to displace the completed transfer. The Tribunal therefore rejected the claim that the arrangement was only a loan transaction and sustained the capital gains addition. en-us Thu, 02 Sep 2021 00:00:00 +0530 Mon, 06 Sep 2021 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411940 A registered sale deed was treated as the operative transfer of a capital asset under section 2(47)(v) of the Income-tax Act, 1961, because the assessee had represented before the registration authority that vacant possession had been handed over and full consideration received. The later MOU and unregistered reconveyance agreement could not override the registered conveyance, and pending civil and criminal pleadings were insufficient to displace the completed transfer. The Tribunal therefore rejected the claim that the arrangement was only a loan transaction and sustained the capital gains addition. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411940