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1 - 10 of 11 (0.26 seconds)Section 2 in The Transfer Of Property Act, 1882 [Entire Act]
The Transfer Of Property Act, 1882
Section 53 in The Transfer Of Property Act, 1882 [Entire Act]
Section 48 in The Transfer Of Property Act, 1882 [Entire Act]
Chaturbhuj Dwarkadas Kapadia vs Commissioner Of Income-Tax on 13 February, 2003
and, accordingly, provisions of Section 2(47)(v) cannot be
invoked on the facts of this case Chaturbhuj Dwarkadas
Kapadia v. CIT's case (supra) undoubtedly lays down a
proposition which, more often than not, favours the
Revenue, but, on the facts of this case, the said judgment
supports the case of the assessee inasmuch as
'willingness to perform' has been specifically recognized
as one of the essential ingredients to cover a transaction
by the scope of Section 53A of the Transfer of Property
Act. Revenue does not get any assistance from this
judicial precedent.
Section 48 in The Income Tax Act, 1961 [Entire Act]
The Commissioner Of Income-Tax, ... vs Gillanders Arbuthnot & Co.Vice Versa on 27 September, 1972
• It was submitted that full value of consideration
cannot be equated with fair market value for the
purpose of section 48. For the purpose, reliance was
placed in the case of CIT Vs George Henderson & Co.
Ltd (1967) 66 ITR 622 (SC) and CIT Vs Gillanders
Arbutnon & Co. (1973) 87 ITR 407 (SC) .
The Commissioner Of Income-Tax, Madras vs A.Gajapathy Naidu on 16 April, 1964
(b) CIT Vs A Gajapati Naidu (1964) 53 ITR 114 (SC).