https://www.taxtmi.com/caselaws?id=441103 For capital gains purposes, the transfer of immovable property was treated as occurring on the date of the registered sale deed and induction into possession, not on the earlier development agreement that only fixed construction rights, payment terms, and future obligations. The later conveyance therefore governed the timing of transfer under section 2(47) of the Income-tax Act and section 54 of the Transfer of Property Act, with capital gains arising in A.Y. 2009-10. Additional evidence sought at the appellate stage was refused because no satisfactory explanation was given for its earlier non-production, and the conditions for admission under Rule 29 were not met. en-us Fri, 28 Jul 2023 00:00:00 +0530 Wed, 02 Aug 2023 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441103 For capital gains purposes, the transfer of immovable property was treated as occurring on the date of the registered sale deed and induction into possession, not on the earlier development agreement that only fixed construction rights, payment terms, and future obligations. The later conveyance therefore governed the timing of transfer under section 2(47) of the Income-tax Act and section 54 of the Transfer of Property Act, with capital gains arising in A.Y. 2009-10. Additional evidence sought at the appellate stage was refused because no satisfactory explanation was given for its earlier non-production, and the conditions for admission under Rule 29 were not met. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441103