https://www.taxtmi.com/caselaws?id=303795 Capital gains tax was not chargeable on the remaining land because possession had not been delivered in part performance of the development agreement, so the conditions corresponding to section 53A of the Transfer of Property Act were not satisfied. Without the statutory ingredients for section 2(47)(v) of the Income-tax Act, the deeming transfer provision could not operate, and no capital gains accrued on the untransferred land. The addition was therefore unsustainable. en-us Tue, 28 Jun 2016 00:00:00 +0530 Mon, 15 Aug 2022 14:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303795 Capital gains tax was not chargeable on the remaining land because possession had not been delivered in part performance of the development agreement, so the conditions corresponding to section 53A of the Transfer of Property Act were not satisfied. Without the statutory ingredients for section 2(47)(v) of the Income-tax Act, the deeming transfer provision could not operate, and no capital gains accrued on the untransferred land. The addition was therefore unsustainable. Case-Laws Income Tax Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303795