https://www.taxtmi.com/caselaws?id=782998 Unregistered property development and supplementary agreements for transfer of immovable property did not create a taxable transfer under section 2(47)(v) of the Income-tax Act, because an unregistered contract cannot be legally effective for invoking section 53A of the Transfer of Property Act read with sections 17 and 49 of the Registration Act. Although part consideration was received earlier and possession was given later, the capital gains were taxable only when the transfer became legally effective. The addition for taxing the gains in the impugned year was therefore unsustainable. en-us Fri, 28 Nov 2025 00:00:00 +0530 Mon, 08 Dec 2025 08:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782998 Unregistered property development and supplementary agreements for transfer of immovable property did not create a taxable transfer under section 2(47)(v) of the Income-tax Act, because an unregistered contract cannot be legally effective for invoking section 53A of the Transfer of Property Act read with sections 17 and 49 of the Registration Act. Although part consideration was received earlier and possession was given later, the capital gains were taxable only when the transfer became legally effective. The addition for taxing the gains in the impugned year was therefore unsustainable. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782998