2009 (11) TMI 415

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..... NT The judgment of the court was delivered by C. N. Ramachandran Nair J.- The connected cases arise from the block assessment completed in the case of two assessees under section 158BD read with section 158BC of the Income-tax Act, 1961 for the years 1986-87 to 1996-97. We have heard Sri P. Balakrishnan, counsel appearing for the appellants and standing counsel appearing for the respondents. 2. .....

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..... even a transaction under section 53A of the Transfer of Property Act is a transfer within the meaning of the said provision. In view of this finding of the Tribunal that the purchaser was given possession, the appellants are not entitled to canvass for the position that section 2(47(v) is not applicable.  Consequently, we dismiss the appeals on this issue upholding the finding of the Tribuna .....

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