https://www.taxtmi.com/caselaws?id=418625 Capital gains on immovable property are chargeable under section 45 in the previous year in which a valid transfer takes place. Where registration is compulsory, the transfer is not completed by mere later registration; the operative date is the execution of the sale deed when the deed becomes effective in law. The Registration Act provisions, including sections 17(1), 49 and 47, do not displace the requirement of completed registration for compulsory transfers, and the post-2001 amendments reinforce registration in part-performance situations. On the stated facts, the sale deed executed on 15.12.2007 was relevant to assessment year 2008-09, so taxability did not arise in assessment year 2009-10. en-us Thu, 17 Feb 2022 00:00:00 +0530 Mon, 21 Feb 2022 08:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418625 Capital gains on immovable property are chargeable under section 45 in the previous year in which a valid transfer takes place. Where registration is compulsory, the transfer is not completed by mere later registration; the operative date is the execution of the sale deed when the deed becomes effective in law. The Registration Act provisions, including sections 17(1), 49 and 47, do not displace the requirement of completed registration for compulsory transfers, and the post-2001 amendments reinforce registration in part-performance situations. On the stated facts, the sale deed executed on 15.12.2007 was relevant to assessment year 2008-09, so taxability did not arise in assessment year 2009-10. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418625