https://www.taxtmi.com/highlights?id=4426 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 en-us Mon, 16 Jul 2012 22:04:12 +0530 Mon, 16 Jul 2012 22:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4426 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 Highlights Income Tax Mon, 16 Jul 2012 22:04:12 +0530 https://www.taxtmi.com/highlights?id=4426