https://www.taxtmi.com/caselaws?id=58347 Capital gains were held chargeable on the transfer of a flat in a co-operative housing society where the transferor had received full consideration, executed the transfer documents, handed over possession, and relinquished all rights in the flat and related shares. The transfer was treated as complete under section 2(47) of the Income-tax Act, 1961, because sale, relinquishment, and extinguishment of rights had occurred. Prior society approval or registration of a conveyance deed was not necessary for the transfer to be effective between the parties, and the society's refusal to admit the purchaser as a member did not undo the completed transfer. en-us Tue, 17 Sep 1985 00:00:00 +0530 Sat, 18 Dec 2010 15:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58347 Capital gains were held chargeable on the transfer of a flat in a co-operative housing society where the transferor had received full consideration, executed the transfer documents, handed over possession, and relinquished all rights in the flat and related shares. The transfer was treated as complete under section 2(47) of the Income-tax Act, 1961, because sale, relinquishment, and extinguishment of rights had occurred. Prior society approval or registration of a conveyance deed was not necessary for the transfer to be effective between the parties, and the society's refusal to admit the purchaser as a member did not undo the completed transfer. Case-Laws Income Tax Tue, 17 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58347