Validity Of Satakhat Agreement

… contrary to the reserve condition attached to Section 49 of the 1908 Act. 9. In light of the discussion, we believe that the sale agreement is not… it can be said that if a right to the property is extinguished by a sale agreement, the asset can be considered transferred. The relevant part of paragraph 2, paragraph 47, of the act defined the… It would not be open to the expert to sell the property to ITA No. 1356/Kol/2017 Gautam Jhunjhunwala, AY 2012-13 someone else in accordance with the law. As we observe…

"Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act)." The agreement is valid in 100 Rs stamp paper and even if it is not done on stamped paper, it is valid. In fact, even a verbal sales agreement is legally applicable. Since you are not interested in selling, as your application shows, you do not have to take legal action. Let us respond to the notice in which the "buyer`s" claims are rejected and the agreement is also rejected for reasons of temporal effect and, as noted above, the expiry date/refund is mentioned. The Supreme Court found that the sale contract, the GPA and the assignments of the will do not give title and are not limited to a transfer of real estate. The Tribunal also found that such transactions could not be recognized as a valid means of transferring real estate. Although the Supreme Court struck down such transactions, it also clarified that such comments should in no way affect the validity of sales contracts and powers executed in the context of genuine transactions. After reading your point of view in the case, I ask you to clarify kindly, because in my case, there was a verbal agreement in the presence of 2 witnesses (broker and other person) to buy the tenant premises and a symbolic advance of Rs.

50,000 was paid. The owner asked for prepared papers. When I sent him the documentary for approval, he refused to sell the property. Even denied getting the amount of Rs. 50,000. The person filing the complaint must pay the legal costs and prove his case. If there is a deficit in stamp duty (since most states have made stamp duty on the ad-valorem sales agreement by value), then you can raise a preliminary question of the admissibility of the document in evidence, seizing the document, etc. during the trial. Thus, you can disable the agreement after announcing to the invalid contract holder and look for a new buyer for your property. Family, acquaintances or strangers. A written agreement should be reached in In Suraj Lamp – Pvt Industries Ltd/State of Haryana (1) the Supreme Court of India has recently found that it has become customary to circumvent transfers of real estate by general proxy (GPA) purchase or sale contract, or transfers, among other things, payment of customs duties, taxes and other transfer and registration fees (for example. B stamp duty or registration fee).