https://www.taxtmi.com/caselaws?id=71884 Development arrangements that grant possession in part performance, supported by a power of attorney, receipt of consideration and adjustment of construction value, fall within the statutory concept of transfer for capital gains purposes. Registration or execution of sale deeds in favour of flat purchasers does not determine whether a transfer has occurred. Where capital gains computation substantially relies on a developer's letters or other third-party material, the taxpayer must receive the relied-upon documents and a meaningful opportunity to cross-examine the relevant persons. Denial of that opportunity requires fresh examination of the capital gains determination, while the underlying transfer remains established. en-us Tue, 21 Jun 2005 00:00:00 +0530 Tue, 07 May 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71884 Development arrangements that grant possession in part performance, supported by a power of attorney, receipt of consideration and adjustment of construction value, fall within the statutory concept of transfer for capital gains purposes. Registration or execution of sale deeds in favour of flat purchasers does not determine whether a transfer has occurred. Where capital gains computation substantially relies on a developer's letters or other third-party material, the taxpayer must receive the relied-upon documents and a meaningful opportunity to cross-examine the relevant persons. Denial of that opportunity requires fresh examination of the capital gains determination, while the underlying transfer remains established. Case-Laws Income Tax Tue, 21 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71884