https://www.taxtmi.com/caselaws?id=308104 The Tribunal partly allowed the appeal, ruling that the capital gains from the Joint Development Agreement (JDA) dated 07.05.2009 were not taxable in the assessment year 2010-11. The Tribunal instructed the Assessing Officer to calculate the capital gains as long-term capital gains and upheld the addition for the disallowance of 25% of development expenses. Ground No. 12 was dismissed, while ground Nos. 2 and 13 were not adjudicated due to lack of argumentation. en-us Fri, 05 Aug 2022 00:00:00 +0530 Tue, 30 May 2023 21:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308104 The Tribunal partly allowed the appeal, ruling that the capital gains from the Joint Development Agreement (JDA) dated 07.05.2009 were not taxable in the assessment year 2010-11. The Tribunal instructed the Assessing Officer to calculate the capital gains as long-term capital gains and upheld the addition for the disallowance of 25% of development expenses. Ground No. 12 was dismissed, while ground Nos. 2 and 13 were not adjudicated due to lack of argumentation. Case-Laws Income Tax Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308104