https://www.taxtmi.com/caselaws?id=393360 Joint development arrangements attract capital gains tax under section 2(47)(v) only when the statutory requirements for transfer through part performance under section 53A are satisfied. Where the development transaction has not materialised and no income has accrued, any alleged capital gain is hypothetical and taxable profit does not arise under sections 45 and 48. The question whether the arrangement constituted a taxable transfer required fresh factual examination by the Assessing Officer, without a final determination of capital gains liability. en-us Tue, 03 Mar 2020 00:00:00 +0530 Mon, 27 Jul 2020 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393360 Joint development arrangements attract capital gains tax under section 2(47)(v) only when the statutory requirements for transfer through part performance under section 53A are satisfied. Where the development transaction has not materialised and no income has accrued, any alleged capital gain is hypothetical and taxable profit does not arise under sections 45 and 48. The question whether the arrangement constituted a taxable transfer required fresh factual examination by the Assessing Officer, without a final determination of capital gains liability. Case-Laws Income Tax Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393360