https://www.taxtmi.com/caselaws?id=794986 A registered agreement conclusively transferring rights in immovable property fixes the year of transfer for capital-gains purposes under sections 45(1) and 2(47)(i), notwithstanding deferred receipt of sale consideration and delivery of possession. Taxes paid, collected or deducted in the subsequent assessment year in relation to the transaction must be credited against the liability for the relevant year of transfer. A post-sale family settlement cannot reduce the recorded owner's taxable capital gain where other family members lacked pre-existing legal title, relinquishment, partition or contemporaneous evidence of ownership; distribution of proceeds remains an internal post-sale arrangement. en-us Wed, 10 Jun 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794986 A registered agreement conclusively transferring rights in immovable property fixes the year of transfer for capital-gains purposes under sections 45(1) and 2(47)(i), notwithstanding deferred receipt of sale consideration and delivery of possession. Taxes paid, collected or deducted in the subsequent assessment year in relation to the transaction must be credited against the liability for the relevant year of transfer. A post-sale family settlement cannot reduce the recorded owner's taxable capital gain where other family members lacked pre-existing legal title, relinquishment, partition or contemporaneous evidence of ownership; distribution of proceeds remains an internal post-sale arrangement. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794986