https://www.taxtmi.com/caselaws?id=427026 Capital gains were analysed by reference to Form 26AS, and development charges and brokerage were treated as deductible transfer s where actually incurred. Section 54F relief was held available for investment in a residential house in the USA, as the provision does not confine the new house to India and the claim could be raised in appeal. For a joint development agreement, taxability depended on effective transfer and delivery of possession, so capital gains arose only when possession was later handed over rather than on execution of the agreement. Correct credit for prepaid taxes required verification of the record. en-us Mon, 18 Jul 2022 00:00:00 +0530 Tue, 30 Aug 2022 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427026 Capital gains were analysed by reference to Form 26AS, and development charges and brokerage were treated as deductible transfer s where actually incurred. Section 54F relief was held available for investment in a residential house in the USA, as the provision does not confine the new house to India and the claim could be raised in appeal. For a joint development agreement, taxability depended on effective transfer and delivery of possession, so capital gains arose only when possession was later handed over rather than on execution of the agreement. Correct credit for prepaid taxes required verification of the record. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427026