https://www.taxtmi.com/caselaws?id=332191 The Tribunal allowed the appeal, ruling that no transfer of land occurred under section 2(47) of the Act due to the cancellation of the development agreement and the continuous physical possession by the assessee. The judgment highlights the significance of factual circumstances and legal implications in assessing the taxability of property transfer transactions. en-us Wed, 10 Aug 2016 00:00:00 +0530 Tue, 06 Feb 2018 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332191 The Tribunal allowed the appeal, ruling that no transfer of land occurred under section 2(47) of the Act due to the cancellation of the development agreement and the continuous physical possession by the assessee. The judgment highlights the significance of factual circumstances and legal implications in assessing the taxability of property transfer transactions. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332191