https://www.taxtmi.com/caselaws?id=342522 Transfer under a joint development arrangement constituted only a pro rata transfer of land under the related sale deeds, not a transfer of the entire land. Possession for development was held to be permissive licencee possession rather than possession as a transferee in part performance. As the post-24 September 2001 agreement was unregistered, it did not meet the requirements of section 53A of the Transfer of Property Act; consequently, the deemed-transfer provision in section 2(47)(v) did not apply. The capital gains addition was therefore unsustainable, and its deletion was upheld. en-us Tue, 02 May 2017 00:00:00 +0530 Sat, 06 May 2017 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342522 Transfer under a joint development arrangement constituted only a pro rata transfer of land under the related sale deeds, not a transfer of the entire land. Possession for development was held to be permissive licencee possession rather than possession as a transferee in part performance. As the post-24 September 2001 agreement was unregistered, it did not meet the requirements of section 53A of the Transfer of Property Act; consequently, the deemed-transfer provision in section 2(47)(v) did not apply. The capital gains addition was therefore unsustainable, and its deletion was upheld. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342522