https://www.taxtmi.com/caselaws?id=178075 For section 2(47)(v), transfer in a development arrangement arises only when possession is given in part performance of a contract satisfying section 53A of the Transfer of Property Act; where possession is conditional and actual handover occurs later, the transfer date is the date of actual possession, making the later investment eligible for section 54EC relief. Alternate accommodation provided under a composite development arrangement was to be examined as part of the overall consideration and not as a separate receipt. The section 14A disallowance was sustained because the recorded basis for attributing expenditure to exempt income was found adequate, and the rule 8D adjustment was upheld. en-us Wed, 30 Apr 2014 00:00:00 +0530 Wed, 27 Jan 2016 23:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178075 For section 2(47)(v), transfer in a development arrangement arises only when possession is given in part performance of a contract satisfying section 53A of the Transfer of Property Act; where possession is conditional and actual handover occurs later, the transfer date is the date of actual possession, making the later investment eligible for section 54EC relief. Alternate accommodation provided under a composite development arrangement was to be examined as part of the overall consideration and not as a separate receipt. The section 14A disallowance was sustained because the recorded basis for attributing expenditure to exempt income was found adequate, and the rule 8D adjustment was upheld. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178075