https://www.taxtmi.com/article/detailed?id=10099 Payment of price is an essential element of a sale under Section 54: absent payment or provision for payment, an instrument does not constitute a sale and is void. Where sale deeds are executed without proved consideration and purchasers cannot show payment, transfers effected-including those via power of attorney-may be treated as sham transactions that do not divest co owners of their shares. en-us Mon, 06 Dec 2021 09:40:06 +0530 Mon, 06 Dec 2021 09:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10099 Payment of price is an essential element of a sale under Section 54: absent payment or provision for payment, an instrument does not constitute a sale and is void. Where sale deeds are executed without proved consideration and purchasers cannot show payment, transfers effected-including those via power of attorney-may be treated as sham transactions that do not divest co owners of their shares. Articles Other Topics Mon, 06 Dec 2021 09:40:06 +0530 https://www.taxtmi.com/article/detailed?id=10099