https://www.taxtmi.com/caselaws?id=311362 The SC upheld the HC's decision, concluding that the document in question was an outright sale with a condition of repurchase, rather than a mortgage by conditional sale. The appellants' arguments, suggesting a continuing debtor-creditor relationship and lack of explicit conveyance terms, were found unconvincing. The SC emphasized that the document's terms and the circumstances, including the property's value matching the consideration amount, indicated an outright sale. Consequently, the appeal was dismissed without costs. en-us Wed, 14 Nov 1962 00:00:00 +0530 Thu, 21 Dec 2023 17:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311362 The SC upheld the HC's decision, concluding that the document in question was an outright sale with a condition of repurchase, rather than a mortgage by conditional sale. The appellants' arguments, suggesting a continuing debtor-creditor relationship and lack of explicit conveyance terms, were found unconvincing. The SC emphasized that the document's terms and the circumstances, including the property's value matching the consideration amount, indicated an outright sale. Consequently, the appeal was dismissed without costs. Case-Laws Indian Laws Wed, 14 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311362