https://www.taxtmi.com/caselaws?id=427822 Transfer of development rights was treated as complete in financial year 2000-01 where the offer letter was accepted, part consideration was paid, and possession had passed to the builder, showing that the contractual ingredients of transfer were satisfied in substance. The later registration of the agreement in 2010 did not defer the year of transfer for capital gains purposes. Section 50C was held inapplicable because it came into force only from 01/04/2003 and could not apply to a transfer already completed in the earlier year. en-us Wed, 14 Sep 2022 00:00:00 +0530 Sat, 17 Sep 2022 07:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427822 Transfer of development rights was treated as complete in financial year 2000-01 where the offer letter was accepted, part consideration was paid, and possession had passed to the builder, showing that the contractual ingredients of transfer were satisfied in substance. The later registration of the agreement in 2010 did not defer the year of transfer for capital gains purposes. Section 50C was held inapplicable because it came into force only from 01/04/2003 and could not apply to a transfer already completed in the earlier year. Case-Laws Income Tax Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427822