https://www.taxtmi.com/caselaws?id=352966 The High Court dismissed the appeal, affirming the Income Tax Appellate Tribunal's decision that the date of transfer for tax purposes in a real estate transaction was 1st March, 2008, based on the Development Agreement's clauses and possession transfer. The Court emphasized the importance of contract analysis in determining tax liability accrual, aligning with established legal principles. The judgment underscored the necessity of scrutinizing agreement terms in real estate deals to ascertain accurate transfer dates for tax assessment. en-us Mon, 20 Nov 2017 00:00:00 +0530 Fri, 16 Feb 2018 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352966 The High Court dismissed the appeal, affirming the Income Tax Appellate Tribunal's decision that the date of transfer for tax purposes in a real estate transaction was 1st March, 2008, based on the Development Agreement's clauses and possession transfer. The Court emphasized the importance of contract analysis in determining tax liability accrual, aligning with established legal principles. The judgment underscored the necessity of scrutinizing agreement terms in real estate deals to ascertain accurate transfer dates for tax assessment. Case-Laws Income Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352966