https://www.taxtmi.com/highlights?id=14373 Long Term Capital Gain u/s 45 - transfer u/s 2(47) - non registration of agreement cannot lead to the conclusion that provision of section 2(47) (v) is not applicable - It is the members who are owning the plots and the Society was only a facilitator. It becomes clear from the JDA that payment for consideration was to be made to an individual plot holder and in fact consideration was mentioned in terms of per Member. - Capital gain is taxable in the hands of members - AT en-us Mon, 09 Sep 2013 09:38:41 +0530 Mon, 09 Sep 2013 09:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14373 Long Term Capital Gain u/s 45 - transfer u/s 2(47) - non registration of agreement cannot lead to the conclusion that provision of section 2(47) (v) is not applicable - It is the members who are owning the plots and the Society was only a facilitator. It becomes clear from the JDA that payment for consideration was to be made to an individual plot holder and in fact consideration was mentioned in terms of per Member. - Capital gain is taxable in the hands of members - AT Highlights Income Tax Mon, 09 Sep 2013 09:38:41 +0530 https://www.taxtmi.com/highlights?id=14373