Transfer completes if GPA & JDA registered containing intention of owner

Tamilnadu Brick Industries Vs ITO (ITAT Chennai)

The plea of the assessee is that the reckoning of date of transfer should be based on the execution of MOA dated 30.01.2012. The execution of MOA alone does not convey transfer of the schedule property to the developer within the meaning of section 2(47(v) of the Act because, the MOA is not a registered document and hence it cannot be held as a legally valid document. But, the execution of MOA and the JDA, which was followed by execution of registered GPAs both on dated 17.09.2012 vide do

Please become a Premium member. If you are already a Premium member, login here to access the full content.