High Court Rules No Exemption u/s 54F Without Evidence of Property Possession Transfer Per Section 2(47) Definition.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Exemption u/s. 54F - definition of the word ‘transfer’ under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance of the contract - Since there is no evidence of possession, no deduction - HC....