https://www.taxtmi.com/caselaws?id=792859 Section 53A of the Transfer of Property Act does not transfer title or ownership and serves only as a limited shield to possession; after the 2001 amendment, an unregistered instrument cannot support a part-performance claim, so the petitioner's plea that the properties validly vested in the firm failed and no jurisdictional error was shown. On the assessment challenge, notices under Section 142(1) and the detailed show-cause notice were held to give sufficient notice of the proposed additions, and the shift from unexplained investment to unexplained credit did not require a fresh notice. The writ court declined interference because natural justice was not breached and the statutory appeal was the proper remedy. en-us Mon, 01 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792859 Section 53A of the Transfer of Property Act does not transfer title or ownership and serves only as a limited shield to possession; after the 2001 amendment, an unregistered instrument cannot support a part-performance claim, so the petitioner's plea that the properties validly vested in the firm failed and no jurisdictional error was shown. On the assessment challenge, notices under Section 142(1) and the detailed show-cause notice were held to give sufficient notice of the proposed additions, and the shift from unexplained investment to unexplained credit did not require a fresh notice. The writ court declined interference because natural justice was not breached and the statutory appeal was the proper remedy. Case-Laws Income Tax Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792859