Long Term Capital Gain u/s 45 - transfer u/s 2(47) - vacant land ...
Court Interprets Long-Term Capital Gains and Transfer Definition in Joint Development Agreements Under Income Tax Act Sections 45 & 2(47.
August 13, 2013
Case Laws Income Tax AT
Long Term Capital Gain u/s 45 - transfer u/s 2(47) - vacant land - Possession given by the society to the developer under joint development agreement - irrevocable general power of attorney which leads to over all control of the property in the hands of the Developer, even if that means no exclusive possession by the Developer would constitute transfer - AT
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