https://www.taxtmi.com/caselaws?id=253278 Capital gains from a transfer under a joint development agreement were held to arise in assessment year 2008-2009, because possession was handed over only after the relevant approvals and completion of the conditions for transfer. The appellate finding that the transaction satisfied section 53A of the Transfer of Property Act, 1882 and section 2(47)(v) of the Income-tax Act, 1961 in that year had attained finality, as the Revenue did not challenge it. On that basis, the gains could not be shifted to assessment year 2006-2007, and the binding appellate finding prevailed against the Assessing Officer. en-us Tue, 16 Sep 2014 00:00:00 +0530 Thu, 20 Nov 2014 12:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253278 Capital gains from a transfer under a joint development agreement were held to arise in assessment year 2008-2009, because possession was handed over only after the relevant approvals and completion of the conditions for transfer. The appellate finding that the transaction satisfied section 53A of the Transfer of Property Act, 1882 and section 2(47)(v) of the Income-tax Act, 1961 in that year had attained finality, as the Revenue did not challenge it. On that basis, the gains could not be shifted to assessment year 2006-2007, and the binding appellate finding prevailed against the Assessing Officer. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253278