https://www.taxtmi.com/caselaws?id=332488 Capital gains on transfer of a plot must be tested against the statutory transfer provisions, including section 2(47)(v) read with section 53A, and the timing cannot be fixed without clear findings on possession, consideration, and contractual readiness. The article also notes that section 54F relief depends on the factual conditions for investment in a new residential house, and that gains from different capital assets cannot be aggregated for that exemption. It further states that co-ownership of residential property and reliance on additional evidence must be examined on the facts, and that rule 46A compliance is mandatory when such evidence is admitted. en-us Mon, 08 Aug 2016 00:00:00 +0530 Mon, 19 Sep 2016 11:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332488 Capital gains on transfer of a plot must be tested against the statutory transfer provisions, including section 2(47)(v) read with section 53A, and the timing cannot be fixed without clear findings on possession, consideration, and contractual readiness. The article also notes that section 54F relief depends on the factual conditions for investment in a new residential house, and that gains from different capital assets cannot be aggregated for that exemption. It further states that co-ownership of residential property and reliance on additional evidence must be examined on the facts, and that rule 46A compliance is mandatory when such evidence is admitted. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332488