Capital gain - JDA - transfer of capital asset u/s 2(47) - There ...

Income Tax

May 27, 2023

Capital gain - JDA - transfer of capital asset u/s 2(47) - There is no document by which the revenue can come to the conclusion that there was delivery of possession. The mere fact that development of the property cannot be done without possession, cannot be the basis to come to a conclusion that, possession was delivered in part performance of the agreement for sale in the manner laid down in Sec.53A of the Transfer of Property Act - Additions towards capital gain deleted - AT

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Capital gain - JDA - transfer of capital asset u/s 2(47) - There ...

Income Tax

May 27, 2023

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