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developed project. We agree with the ld. AR that provision of Section 53A of the Transfer of Property Act cannot be made applicable

same is part performance of the contract, in nature, as per Section 53A of the Transfer of Property Act, 1882, it had been held that ... Transfer of Property Act are satisfied. This section is reproduced below for ready reference: " Sec. 53A --Part performance--Where any person contracts to transfer

submitted that one of the main conditions for invoking provisions of section 53A of the Transfer of Property Act is that the possession should have ... undertaking development works on the property. Hence the provisions of sec.53A of Transfer of Property Act will not apply. ITA No.1250/Bang/2018

under Section 2(47)(v) of the Act, there must be a "contract" which can be enforced in law under Section 53A ... that the Section applies, and this is what is meant by the expression "of the nature referred to in Section 53A ". This expression

under Section 2(47)(v) of the Act, there must be a "contract" which can be enforced in law under Section 53A ... that the Section applies, and this is what is meant by the expression "of the nature referred to in Section 53A ". This expression

transfer during F.Y. 2011-12 purportedly as per Section 2(47) and Section 53A of the Transfer and Property Act, 1882 as made ... that the Section applies, and this is what is meant by the expression "of the nature referred to in Section 53A ". This expression

amount to transfer in terms of section 2(47)(v) of the Act r.w.s. section 53A of the T.P. Act. According ... would come within the ambit of section 2(47)(v) . That, in order to attract section 53A , the following conditions need to be fulfilled. There

Tribunal has ignored crucial aspect of Section 17(1A) of Indian Registration Act, 1908 read with section 53A of Transfer of Property ... view of the provisions of Section 2(47)(v) of The Act read with Sec. 53A of The Transfer of Property

stated which sub section of section 2(47) is attracted ill the case of assessee Analysis of all the subsections of section 2(47) reveal ... assumption of the Assessing Officer is section 2 [47] [v] of the IT Act , which has referred section 53A of the Transfer of Property

Anugraha Shelters (P) Ltd. Bangalore Page 3 of 12 section 53A of the Transfer of Property Act. In this regard, the A.O. placed reliance ... mandatory condition laid down in sec.2(47)(v) of Income tax Act and sec. 53A of Transfer of Property Act. We notice that