https://www.taxtmi.com/caselaws?id=64643 The Tribunal upheld the Appellate Assistant Commissioner's decision, ruling in favor of the assessee. It concluded that no capital gain was applicable as the ownership of the plots remained with the Delhi Development Authority until the exchange in 1973, and no interest passed to the assessee until the lease deed was executed. The Tribunal dismissed the Revenue's appeal, affirming the absence of capital gain in the case. en-us Tue, 19 Sep 1978 00:00:00 +0530 Wed, 09 Feb 2011 11:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64643 The Tribunal upheld the Appellate Assistant Commissioner's decision, ruling in favor of the assessee. It concluded that no capital gain was applicable as the ownership of the plots remained with the Delhi Development Authority until the exchange in 1973, and no interest passed to the assessee until the lease deed was executed. The Tribunal dismissed the Revenue's appeal, affirming the absence of capital gain in the case. Case-Laws Income Tax Tue, 19 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64643