https://www.taxtmi.com/caselaws?id=201785 Transfer of development rights under a development agreement was treated as a deemed transfer because possession was given to the developer against consideration and the arrangement satisfied part performance under section 53A of the Transfer of Property Act, bringing it within section 2(47)(v) of the Income-tax Act. Continued municipal record ownership in the assessee's name did not alter that legal character. On the capital gains computation, the stamp valuation adopted for section 50C was not found infirm, as the Departmental Valuation Officer had already considered the relevant factors. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 24 Aug 2012 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201785 Transfer of development rights under a development agreement was treated as a deemed transfer because possession was given to the developer against consideration and the arrangement satisfied part performance under section 53A of the Transfer of Property Act, bringing it within section 2(47)(v) of the Income-tax Act. Continued municipal record ownership in the assessee's name did not alter that legal character. On the capital gains computation, the stamp valuation adopted for section 50C was not found infirm, as the Departmental Valuation Officer had already considered the relevant factors. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201785