https://www.taxtmi.com/caselaws?id=422627 Possession of immovable property under an agreement to sell, supported by a registered power of attorney and contemporaneous records such as electricity and house tax entries, was treated as effective ownership for indexation purposes. Because the assessee proved possession and enjoyment from 1997, the Tribunal accepted that date as the relevant starting point for capital gains indexation, rather than the later 2003 registration date. The Revenue's reliance on formal registration was rejected, and the addition made by the Assessing Officer was held unsustainable. en-us Thu, 05 May 2022 00:00:00 +0530 Thu, 19 May 2022 08:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422627 Possession of immovable property under an agreement to sell, supported by a registered power of attorney and contemporaneous records such as electricity and house tax entries, was treated as effective ownership for indexation purposes. Because the assessee proved possession and enjoyment from 1997, the Tribunal accepted that date as the relevant starting point for capital gains indexation, rather than the later 2003 registration date. The Revenue's reliance on formal registration was rejected, and the addition made by the Assessing Officer was held unsustainable. Case-Laws Income Tax Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422627