https://www.taxtmi.com/caselaws?id=263012 Where the controlling taxability issue had already been settled in an earlier binding judgment, the appropriate course was to remand the matter to the Tribunal for fresh adjudication consistent with that conclusion. The earlier decision had held that the joint development arrangement did not fall within section 53A of the Transfer of Property Act, 1882 and therefore was not covered by section 2(47)(v) of the Income-tax Act, 1961; on that basis, capital gains could not be fastened on the remaining land using the approach adopted below. The Tribunal was directed to pass fresh orders after hearing the parties in light of those findings. en-us Fri, 31 Jul 2015 00:00:00 +0530 Thu, 01 Sep 2016 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263012 Where the controlling taxability issue had already been settled in an earlier binding judgment, the appropriate course was to remand the matter to the Tribunal for fresh adjudication consistent with that conclusion. The earlier decision had held that the joint development arrangement did not fall within section 53A of the Transfer of Property Act, 1882 and therefore was not covered by section 2(47)(v) of the Income-tax Act, 1961; on that basis, capital gains could not be fastened on the remaining land using the approach adopted below. The Tribunal was directed to pass fresh orders after hearing the parties in light of those findings. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263012