The capital gain would be taxable in the year in which such ...
Capital Gains Taxable in Transaction Year, Even if Property Transfer Isn't Complete - Income Tax Act Section 2(47.
May 10, 2017
Case Laws Income Tax AT
The capital gain would be taxable in the year in which such transactions are entered into even if the transfer of the immovable property is not effective or complete under the general law - The completion of "transfer" of an immovable property as per the general law is not a requirement for the applicability of the provisions of sub-clause (v) of section 2(47). - AT
View Source