Supreme Court · 2019 INSC 1320 · Decided 4 December 2019
M/S. Seshasayee Steels P. LTD. v. Assistant Commissioner of Income Tax, Company Circle VI(2), Chennai
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1320 · [2019] 15 S.C.R. 196
- Case number
- CIVIL APPEAL No. 9209/2019
- Decided
- 4 December 2019
- Bench
- R.F. NARIMAN, ANIRUDDHA BOSE, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 53A; Income Tax Act Section 2(47)(vi)
Headnote
Transfer of Property Act, 1882: s.53A - Applicability of - Essential ingredients - Held: In order that the provisions of s.53A be attracted, the transferee must, in part performance of the of the property or any part thereof and the transferee must have performed or be willing to perform his part of the agreement - In the instant case, as per agreement to sell, assessee gave permission to the builder company to start construction on the land - This showed that
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