Search Results Page

Search Results

1 - 9 of 9 (0.22 seconds)

Commissioner Of Income Tax vs Balbir Singh Maini on 4 October, 2017

Challenging the said finding the assessee preferred an appeal before the Tribunal. The Tribunal took note of the factual position and, more particularly, that the case arose much after the amendment to Section 53A of the 4 Transfer of Property Act which was amended by the Amendment Act, 2001 which stipulates that if an agreement like the joint development agreement is not registered, then it shall have no effect in law for the purposes of Section 53A of the TP Act. Accordingly, the assessee's appeal was allowed. The legal position is no longer res integra and it would be beneficial to refer to the decision of the Hon'ble Supreme Court in Commissioner of Income Tax Vs. Balbir Singh Maini reported in (2017) 398 ITR 531 (SC) wherein the Hon'ble Supreme Court on the very same issue has held as follows:
Supreme Court of India Cites 40 - Cited by 173 - R F Nariman - Full Document
1