NCLAT dismissed the appeal, holding that an unregistered ...

Unregistered Property Sale Agreement Lacks Legal Standing Under Section 49, Rendering Claims Invalid and Unenforceable

April 23, 2025

Case Laws IBC AT

NCLAT dismissed the appeal, holding that an unregistered agreement for sale cannot create legal rights in immovable property under Section 49 of the Registration Act, 1908. The appellant's claims for property tax reimbursement and other expenses were rejected due to lack of valid documentary evidence and failure to establish a legally enforceable right. The tribunal emphasized that without a registered sale deed, no debt could be recognized under the Insolvency and Bankruptcy Code, 2016, rendering the claims unsustainable and inadmissible.

View Source

← Previous Next →

NCLAT dismissed the appeal, holding that an unregistered ...

Unregistered Property Sale Agreement Lacks Legal Standing Under Section 49, Rendering Claims Invalid and Unenforceable

April 23, 2025

Case Laws IBC AT

You may also like:

The ITAT allowed the appellant's appeal against additions made by the AO regarding an alleged unexplained investment in a Sagar Plaza flat. The Tribunal found that the...

Capital gain - legal owner of property - entire funds at the time of purchase of property was paid by his son the entire sale consideration is also received by her son -...

Capital gain/ loss on sale of property - unregistered sale agreement - whether it constitute valid transfer under section 53A of Transfer of Property Act - There is no...

Capital gain - transfer u/s 2(47) - unregistered JD agreement - appellant had not received any consideration - since an unregistered agreement involving the transfer of...

Exemption u/s 54B - assessee claimed to have purchased land through an agreement to sale which is unregistered and the payment in cash - when there is no subsequent sale...

ITAT dismissed Revenue's appeal concerning unexplained money under s.69A, rejecting additions based on difference between agreement to sale and final sale deed values....

The case pertains to the applicability of Section 43CA, which deals with the adoption of stamp duty value as the full value of consideration for computing profits and...

The ITAT allowed the assessee's appeal, holding that the assumption of jurisdiction u/s 153C of the Income Tax Act by the Assessing Officer was vitiated due to a lack of...

The central issue revolved around whether the movement of goods from manufacturing units in Rajasthan to depots in Bihar and Jharkhand constituted inter-state supply of...

The assessee claimed exemption/deduction u/s 54F on account of investing long-term capital gains in a new residential house. The PCIT disallowed the claim, considering...

NCLAT dismissed appeal against order rejecting claim of Rs. 42.86 crores by appellant as unsecured creditor. No evidence of loan advanced to corporate debtor. Agreement...

Understatement of income - treatment of lease transactions as sales transaction - The Income Tax Authorities has not doubted the legal effect of the lease deed (being...

The appeal challenges the liability to pay stamp duty and penalty on agreements executed prior to the sale deed for two properties. The court determined the real...

Recovery proceedings - Attachment of assets of the 4th respondent - alienation/transfer as contrary to section 281 of IT Act - claim of ownership of the property - void...

Area Based exemption - slump sale agreement - In essence, the slump sale agreement and the MOU are but a method employed to claim the benefit of the exemption...

Quick Updates: