Admittedly, the Bombay Supreme Court ruled on 29 October 2018 that the income tax tribunal`s conclusion was correct and that the sale/sale of the property in question was not completed until 2011-12. The court also noted that the court is correct in concluding that on the facts, the agreement was executed on February 14, 2011, was an agreement on the sale of real estate. The law in force at the time required the registration of such an agreement. In any event, simply because it is registered, it does not automatically take on the character of a deed of transport or sale. Interest trust accounts: a savings account or other short-term investment opened by a lawyer or real estate agent to invest any deposit paid by a buyer. The interest collected is paid to the buyer at the time of the transfer, if they are agreed as such in the sales contract. Under the Transfer of Ownership Act, a sales contract, with or without property, is not transportation. Section 54 of the Transfer of Ownership Act provides that the sale of a property can only be done by a registered instrument and that a sale agreement does not create interest or fees for its property. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the construction-buyer agreement and not from the date of registration of the project under the Real Estate (Regulation and Development) Act 2016.
The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. On 31 October 2020, a 40-year-old man was arrested by Noida police for deceiving a bank of 2 Crores by forging debt and using loans. On the same day, the judge of the main meetings of Madurai, G Ilangovan, granted two sub-registries arrested by the Sanddigul Criminal Police Office, an early bail, on charges of recording documents without prior verification. According to the police, they registered the deed of sale without checking the certificate of charge, as well as the original documents, parental documents, death certificate, etc. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries Ltd (2) v. The State of Haryana, while it stood at the validity of the sale of real estate by proxy, considered as: suspensive condition: A provision in a contract that suspends its operation until a particular condition is met. A clause stipulating that the sale is confirmed only if a mortgage is granted or if the buyer manages to sell his existing property, are typical suspensive conditions. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer.
Through this document, the rights and interests of the property are acquired by the new owner. A deed of sale generally consists of the following information: “Any sales contract that is not a registered promotion (sales characteristics) would fall short of the requirements of paragraphs 54 and 55 of the Transfer of Ownership Act and would not confer ownership or transfer any right of dissemination to a property (with the exception of the limited right granted under Section 53A of the Transfer of Property Act).” The seller undertakes to authorize the purchaser to take possession of the property before completion, provided that the property is not made before xxxx and that the following provisions apply: -a) the provisions contained in point 8.5 of the contracts relating to houses and real estate; (b) once completed, the buyer pays the seller an amount of xxxx ($xxxx) per day that the buyer owned prior to completion; and (c) the buyer accepts the property in the state in which it is in at the time of the takeover and undertakes not to assert a