https://www.taxtmi.com/caselaws?id=342333 The Tribunal upheld the taxation of short term capital gains for the Assessment Year 2006-07 based on an unregistered development agreement. It determined that a transfer of property had occurred as both parties had acted upon the agreement, requiring the builder to construct and deliver the apartment to the assessee. The appeals challenging the Commissioner of Income Tax (Appeals) orders were dismissed, affirming the taxation of capital gains for the subject year. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 02 May 2017 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342333 The Tribunal upheld the taxation of short term capital gains for the Assessment Year 2006-07 based on an unregistered development agreement. It determined that a transfer of property had occurred as both parties had acted upon the agreement, requiring the builder to construct and deliver the apartment to the assessee. The appeals challenging the Commissioner of Income Tax (Appeals) orders were dismissed, affirming the taxation of capital gains for the subject year. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342333