https://www.taxtmi.com/caselaws?id=354107 A joint development arrangement, coupled with handing over possession and receipt of a non-refundable deposit, was treated as a transfer under section 2(47)(v), so capital gains were taxable in the relevant year. Relief based on additional evidence was not sustained because the appellate authority had not followed Rule 46A or obtained a remand report, and that issue was remitted for reconsideration. Interest income from the bank was held to accrue during the year on the record and the addition was restored. The linked claim for deduction under section 54F was also sent back for fresh decision after the capital-gains finding. en-us Wed, 13 Dec 2017 00:00:00 +0530 Thu, 18 Jan 2018 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354107 A joint development arrangement, coupled with handing over possession and receipt of a non-refundable deposit, was treated as a transfer under section 2(47)(v), so capital gains were taxable in the relevant year. Relief based on additional evidence was not sustained because the appellate authority had not followed Rule 46A or obtained a remand report, and that issue was remitted for reconsideration. Interest income from the bank was held to accrue during the year on the record and the addition was restored. The linked claim for deduction under section 54F was also sent back for fresh decision after the capital-gains finding. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354107