https://www.taxtmi.com/caselaws?id=438937 An unregistered joint venture arrangement could not support transfer by part performance under section 2(47)(v) after the amendments to the Registration Act and section 53A of the Transfer of Property Act, but it still constituted a transaction enabling enjoyment of immovable property under section 2(47)(vi). The developer obtained enforceable rights over most of the land for construction and could deal with the resulting flats, while the retained construction obligation formed part of the consideration. Non-completion of the project did not defeat the transfer; it only affected the discharge or quantification of consideration. The plea that no transfer occurred was rejected, and remaining issues on capital gains computation and section 54-F relief were sent back for fresh examination. en-us Thu, 02 Mar 2023 00:00:00 +0530 Tue, 13 Jun 2023 09:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438937 An unregistered joint venture arrangement could not support transfer by part performance under section 2(47)(v) after the amendments to the Registration Act and section 53A of the Transfer of Property Act, but it still constituted a transaction enabling enjoyment of immovable property under section 2(47)(vi). The developer obtained enforceable rights over most of the land for construction and could deal with the resulting flats, while the retained construction obligation formed part of the consideration. Non-completion of the project did not defeat the transfer; it only affected the discharge or quantification of consideration. The plea that no transfer occurred was rejected, and remaining issues on capital gains computation and section 54-F relief were sent back for fresh examination. Case-Laws Income Tax Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438937