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2007 (6) TMI 167 - HC - Income TaxTransfer of property - no sale agreement between assessee & builder - assessee not received sale consideration during relevant period – no proof that assessee had put the developer in possession of property by receiving the consideration partly or in full - unless there is a written agreement, Section 53A of Transfer of Property Act will not come into operation - Tribunal is right in holding that there is no transfer of property, as contemplated u/s 2(47(v)) – no capital gains assessable
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