https://www.taxtmi.com/highlights?id=72007 Capital gain - transfer u/s 2(47) - unregistered JD agreement - appellant had not received any consideration - since an unregistered agreement involving the transfer of possession of an immovable property would not qualify as a contract of the nature referred to u/s 53A of the TP Act, no transfer could be presumed based upon an unregistered agreement. - In order to qualify as a transfer of a capital asset under Section 2(47)(v) of the IT Act, there must be a contract that could be enforced in law under Section 53A of the TP Act. - HC en-us Thu, 14 Sep 2023 13:37:14 +0530 Fri, 15 Sep 2023 11:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72007 Capital gain - transfer u/s 2(47) - unregistered JD agreement - appellant had not received any consideration - since an unregistered agreement involving the transfer of possession of an immovable property would not qualify as a contract of the nature referred to u/s 53A of the TP Act, no transfer could be presumed based upon an unregistered agreement. - In order to qualify as a transfer of a capital asset under Section 2(47)(v) of the IT Act, there must be a contract that could be enforced in law under Section 53A of the TP Act. - HC Highlights Income Tax Thu, 14 Sep 2023 13:37:14 +0530 https://www.taxtmi.com/highlights?id=72007