https://www.taxtmi.com/caselaws?id=36059 A gift of immovable property is complete for gift-tax purposes only when the gift deed is registered under Sections 122 and 123 of the Transfer of Property Act, 1882. Mere execution of the deed does not complete the transfer while registration remains pending. Section 47 of the Registration Act, 1908 only gives a registered document operative effect from an earlier date for limited purposes; it does not create a relation-back rule for completion of title or transfer. On that basis, the assessment to gift-tax for the relevant year was upheld because the gift became complete only on registration. en-us Wed, 22 Apr 1981 00:00:00 +0530 Fri, 19 Mar 2010 11:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36059 A gift of immovable property is complete for gift-tax purposes only when the gift deed is registered under Sections 122 and 123 of the Transfer of Property Act, 1882. Mere execution of the deed does not complete the transfer while registration remains pending. Section 47 of the Registration Act, 1908 only gives a registered document operative effect from an earlier date for limited purposes; it does not create a relation-back rule for completion of title or transfer. On that basis, the assessment to gift-tax for the relevant year was upheld because the gift became complete only on registration. Case-Laws Income Tax Wed, 22 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36059