https://www.taxtmi.com/caselaws?id=189284 A development agreement under which the owners received 50% of the constructed area and the developer the balance was treated as a transfer by way of exchange within Chapter XXC and section 269UA(f) of the Income-tax Act. The appellate authority and the Tribunal accepted that the assessee's rights in the original property were exchanged for rights in the constructed area, and the High Court found that conclusion to be supported by the facts and the relevant legal understanding of transfer. No substantial question of law was found to justify interference with the concurrent findings. en-us Thu, 20 Nov 2008 00:00:00 +0530 Wed, 04 Jan 2017 16:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189284 A development agreement under which the owners received 50% of the constructed area and the developer the balance was treated as a transfer by way of exchange within Chapter XXC and section 269UA(f) of the Income-tax Act. The appellate authority and the Tribunal accepted that the assessee's rights in the original property were exchanged for rights in the constructed area, and the High Court found that conclusion to be supported by the facts and the relevant legal understanding of transfer. No substantial question of law was found to justify interference with the concurrent findings. Case-Laws Income Tax Thu, 20 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189284