https://www.taxtmi.com/caselaws?id=121815 The case involved issues regarding the deduction of development management (DM) fees payable to a company and the assessment of capital gains on the sale of land in a joint venture project. The court upheld the deduction of DM fees as a legitimate charge on project profits, relying on a valid revised agreement. Additionally, the court assessed capital gains on the land sale, considering it a transfer within tax provisions despite the land being stock-in-trade. Both the Revenue's and the assessee's appeals were dismissed, affirming the decisions of the lower authorities. en-us Mon, 03 Nov 2008 00:00:00 +0530 Mon, 06 Aug 2012 15:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121815 The case involved issues regarding the deduction of development management (DM) fees payable to a company and the assessment of capital gains on the sale of land in a joint venture project. The court upheld the deduction of DM fees as a legitimate charge on project profits, relying on a valid revised agreement. Additionally, the court assessed capital gains on the land sale, considering it a transfer within tax provisions despite the land being stock-in-trade. Both the Revenue's and the assessee's appeals were dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Mon, 03 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121815