https://www.taxtmi.com/caselaws?id=272693 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition of Rs. 4,05,87,159 for long-term capital gains tax. It emphasized that without a registered Joint Development Agreement (JDA), it did not fall under Section 53A of the Transfer of Property Act, thus no transfer of land occurred, relieving the assessee from the liability of capital gains tax. en-us Fri, 22 Sep 2017 00:00:00 +0530 Mon, 14 May 2018 06:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272693 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition of Rs. 4,05,87,159 for long-term capital gains tax. It emphasized that without a registered Joint Development Agreement (JDA), it did not fall under Section 53A of the Transfer of Property Act, thus no transfer of land occurred, relieving the assessee from the liability of capital gains tax. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272693