https://www.taxtmi.com/forum/issue?id=1698 The year of taxability and taxable amount for the land-cum-collaboration arrangement depend on the assessee's method of accounting and revenue recognition and on whether the land is classified as stock in trade (taxable as business income) or as an investment (taxable as capital gains); facts include transfer of possession to the developer, developer bearing construction costs and paying the assessee for its share, and appointment of the developer as attorney for construction matters. en-us Mon, 11 Jan 2010 14:51:29 +0530 Thu, 23 Jan 2025 15:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1698 The year of taxability and taxable amount for the land-cum-collaboration arrangement depend on the assessee's method of accounting and revenue recognition and on whether the land is classified as stock in trade (taxable as business income) or as an investment (taxable as capital gains); facts include transfer of possession to the developer, developer bearing construction costs and paying the assessee for its share, and appointment of the developer as attorney for construction matters. Discussion-Forum Income Tax Mon, 11 Jan 2010 14:51:29 +0530 https://www.taxtmi.com/forum/issue?id=1698