Transfer - development agreement - Starting words of s. 53A of ...

Income Tax

July 16, 2012

Transfer - development agreement - Starting words of s. 53A of the Transfer of Property Act are "where any person contracts" which means just the existence of a contract. The assessee is the "person" who has entered into a contract with the developer vide agreement dated 31.03.2006 - The term "transfer" is to be read along with the s. 45 and s. 2(47)(v) of IT Act - AT

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Transfer - development agreement - Starting words of s. 53A of ...

Income Tax

July 16, 2012

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