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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

The assessee has not given the possession of the property in ...


No Transfer of Property to Developer in FY 2008-09; No Transfer u/s 45 & 2(47)(v) IT Act.

February 25, 2015

Case Laws     Income Tax     AT

The assessee has not given the possession of the property in question to the developer for F.Y. 2008-09 (A.Y. 2009-10) and hence, there is no transfer within the meaning of Sec. 45 r.w.s. 2(47)(v) of the Act. - AT

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