https://www.taxtmi.com/caselaws?id=417190 The court determined that the guidance value should be used for computing capital gains under a Joint Development Agreement (JDA) instead of the cost of construction. It held that the guidance value is the appropriate method for determining the full value of consideration in cases where the consideration is not ascertainable. The appeals were dismissed as the Tribunal's decision to use the guidance value was considered reasonable and not arbitrary, with no substantial question of law identified for consideration. en-us Wed, 01 Dec 2021 00:00:00 +0530 Fri, 14 Jan 2022 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417190 The court determined that the guidance value should be used for computing capital gains under a Joint Development Agreement (JDA) instead of the cost of construction. It held that the guidance value is the appropriate method for determining the full value of consideration in cases where the consideration is not ascertainable. The appeals were dismissed as the Tribunal's decision to use the guidance value was considered reasonable and not arbitrary, with no substantial question of law identified for consideration. Case-Laws Income Tax Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417190