https://www.taxtmi.com/caselaws?id=440923 An alleged oral agreement and claimed possession did not establish transfer under section 2(47) of the Income-tax Act, 1961, because no written contract or reliable corroboration was produced and the confirmation letter was undated and insufficient. The registered sale deed executed on 29.08.2003 was treated as the governing transfer document, and oral evidence could not override it. The claimed arrangement also failed to satisfy part performance under section 53A of the Transfer of Property Act, 1882 or any other limb of section 2(47). Capital gains were therefore taxable in the year relevant to assessment year 2004-05. en-us Mon, 06 Mar 2023 00:00:00 +0530 Sat, 29 Jul 2023 08:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440923 An alleged oral agreement and claimed possession did not establish transfer under section 2(47) of the Income-tax Act, 1961, because no written contract or reliable corroboration was produced and the confirmation letter was undated and insufficient. The registered sale deed executed on 29.08.2003 was treated as the governing transfer document, and oral evidence could not override it. The claimed arrangement also failed to satisfy part performance under section 53A of the Transfer of Property Act, 1882 or any other limb of section 2(47). Capital gains were therefore taxable in the year relevant to assessment year 2004-05. Case-Laws Income Tax Mon, 06 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440923