https://www.taxtmi.com/caselaws?id=40234 A foreign award embodying a composite family and business settlement was not an agreement for transfer attracting Chapter XX-C of the Income-tax Act, 1961, because it operated as a division and allotment of asset packages and contemplated later implementation documents only as consequential steps. It was also not a registrable instrument under the Registration Act, 1908 merely because it concerned immovable property; a foreign award enforceable in India could proceed without registration, and authorities on unregistered domestic awards were distinguished. The award was therefore enforceable in India. en-us Thu, 13 May 1999 00:00:00 +0530 Sat, 21 Jan 2017 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40234 A foreign award embodying a composite family and business settlement was not an agreement for transfer attracting Chapter XX-C of the Income-tax Act, 1961, because it operated as a division and allotment of asset packages and contemplated later implementation documents only as consequential steps. It was also not a registrable instrument under the Registration Act, 1908 merely because it concerned immovable property; a foreign award enforceable in India could proceed without registration, and authorities on unregistered domestic awards were distinguished. The award was therefore enforceable in India. Case-Laws Income Tax Thu, 13 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40234