https://www.taxtmi.com/caselaws?id=793585 Receipt of full consideration, handing over of possession and extinguishment of rights under an agreement to sell can amount to transfer in substance for capital gains purposes, even if the registered sale deed is executed later. On these facts, the property was treated as transferred in AY 2018-19 under section 2(47)(ii) of the Income-tax Act, 1961, because the delay in registration arose from a red entry and related clearance issues beyond the assessee's control. The deduction claim under section 54 was also allowed because the new residential property had been acquired within the relevant period and the claim was otherwise not disputed. en-us Thu, 07 May 2026 00:00:00 +0530 Fri, 19 Jun 2026 08:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793585 Receipt of full consideration, handing over of possession and extinguishment of rights under an agreement to sell can amount to transfer in substance for capital gains purposes, even if the registered sale deed is executed later. On these facts, the property was treated as transferred in AY 2018-19 under section 2(47)(ii) of the Income-tax Act, 1961, because the delay in registration arose from a red entry and related clearance issues beyond the assessee's control. The deduction claim under section 54 was also allowed because the new residential property had been acquired within the relevant period and the claim was otherwise not disputed. Case-Laws Income Tax Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793585