https://www.taxtmi.com/caselaws?id=470517 A registered sale agreement, payment of consideration and delivery of possession collectively constituted a transfer of immovable property for section 56(2)(vii)(b). The difference between the ready-reckoner value and agreed consideration was therefore taxable despite non-execution of a conveyance deed. Pending property litigation and the absence of a later sale or conveyance deed did not alter the legal effect of the registered agreement and possession. The addition under section 56(2)(vii)(b) was sustained. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 29 Jul 2026 18:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470517 A registered sale agreement, payment of consideration and delivery of possession collectively constituted a transfer of immovable property for section 56(2)(vii)(b). The difference between the ready-reckoner value and agreed consideration was therefore taxable despite non-execution of a conveyance deed. Pending property litigation and the absence of a later sale or conveyance deed did not alter the legal effect of the registered agreement and possession. The addition under section 56(2)(vii)(b) was sustained. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470517