https://www.taxtmi.com/caselaws?id=28782 Proceedings under section 269C of the Income-tax Act, 1961 can be initiated only after a transfer of immovable property is completed by registration of the conveyance. Execution of the document alone is not enough, because section 47 of the Registration Act, 1908 gives a registered instrument retrospective effect from the date of execution but does not deem the transfer complete at execution. The distinction between retrospective operation and completion of transfer was treated as decisive, and authorities based on execution alone were rejected. On that basis, the notice was held valid and the challenge failed. en-us Mon, 12 Oct 1981 00:00:00 +0530 Thu, 25 Feb 2010 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28782 Proceedings under section 269C of the Income-tax Act, 1961 can be initiated only after a transfer of immovable property is completed by registration of the conveyance. Execution of the document alone is not enough, because section 47 of the Registration Act, 1908 gives a registered instrument retrospective effect from the date of execution but does not deem the transfer complete at execution. The distinction between retrospective operation and completion of transfer was treated as decisive, and authorities based on execution alone were rejected. On that basis, the notice was held valid and the challenge failed. Case-Laws Income Tax Mon, 12 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28782