https://www.taxtmi.com/caselaws?id=341546 Transfer of land under a development agreement was treated as having occurred when possession was handed over to the developer in part performance of the contract, bringing the transaction within the capital gains transfer provisions. On the undisputed facts, possession passed in the earlier previous year relevant to assessment year 1997-98, so the later receipt of constructed flats did not shift the taxable event to assessment year 2001-02. Capital gains, if any, were therefore not chargeable in assessment year 2001-02. en-us Fri, 07 Apr 2017 00:00:00 +0530 Wed, 12 Apr 2017 07:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341546 Transfer of land under a development agreement was treated as having occurred when possession was handed over to the developer in part performance of the contract, bringing the transaction within the capital gains transfer provisions. On the undisputed facts, possession passed in the earlier previous year relevant to assessment year 1997-98, so the later receipt of constructed flats did not shift the taxable event to assessment year 2001-02. Capital gains, if any, were therefore not chargeable in assessment year 2001-02. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341546