https://www.taxtmi.com/caselaws?id=305933 A beneficial interest under a settlement that includes future income and the ultimate proceeds of sale is treated as immovable property for transfer purposes, so its transfer requires a registered instrument. A contract for the sale of such property, without registration, does not by itself create any proprietary interest or enforceable charge against the Official Assignee, and an asserted trust cannot be sustained without a valid legal basis. The text also notes that estoppel will not arise unless there is a clear and unequivocal representation capable of binding the party said to be estopped. The operative point is that proprietary rights in this setting cannot pass by contract alone without registration. en-us Tue, 26 May 1936 00:00:00 +0530 Fri, 12 Dec 2025 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305933 A beneficial interest under a settlement that includes future income and the ultimate proceeds of sale is treated as immovable property for transfer purposes, so its transfer requires a registered instrument. A contract for the sale of such property, without registration, does not by itself create any proprietary interest or enforceable charge against the Official Assignee, and an asserted trust cannot be sustained without a valid legal basis. The text also notes that estoppel will not arise unless there is a clear and unequivocal representation capable of binding the party said to be estopped. The operative point is that proprietary rights in this setting cannot pass by contract alone without registration. Case-Laws Indian Laws Tue, 26 May 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305933