https://www.taxtmi.com/caselaws?id=468258 Transfer of immovable property under section 2(47)(v) arises when possession is handed over in part performance of a contract under section 53A of the Transfer of Property Act; on the facts, possession was delivered on 18.04.2014, so the transfer was treated as occurring in assessment year 2015-16 and the capital loss was allowed for that year. TDS credit had to be granted in the same assessment year because credit follows the year in which the related income is assessable under section 199(3) and rule 37BA(1). en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 24 Apr 2026 18:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468258 Transfer of immovable property under section 2(47)(v) arises when possession is handed over in part performance of a contract under section 53A of the Transfer of Property Act; on the facts, possession was delivered on 18.04.2014, so the transfer was treated as occurring in assessment year 2015-16 and the capital loss was allowed for that year. TDS credit had to be granted in the same assessment year because credit follows the year in which the related income is assessable under section 199(3) and rule 37BA(1). Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468258