Capital gain - transfer u/s 2(47) - unregistered JD agreement - ...

Case Laws Income Tax

September 14, 2023

Capital gain - transfer u/s 2(47) - unregistered JD agreement - appellant had not received any consideration - since an unregistered agreement involving the transfer of possession of an immovable property would not qualify as a contract of the nature referred to u/s 53A of the TP Act, no transfer could be presumed based upon an unregistered agreement. - In order to qualify as a transfer of a capital asset under Section 2(47)(v) of the IT Act, there must be a contract that could be enforced in law under Section 53A of the TP Act. - HC

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Capital gain - transfer u/s 2(47) - unregistered JD agreement - ...

Case Laws Income Tax

September 14, 2023

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