https://www.taxtmi.com/highlights?id=73852 Capital gain - Joint Development agreement (JDA) - Transfer / sale of land u/s 2(47)(v) or not? - - the said execution of land development agreement cannot be a sale of land in favour of the builder within the meaning of section 2(47)(v) as only construction was allowed to be done by the builders after obtaining necessary approvals from competent authorities and, therefore, the capital gain has wrongly been computed and charged to tax. - AT en-us Sat, 30 Dec 2023 09:51:34 +0530 Sat, 30 Dec 2023 09:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73852 Capital gain - Joint Development agreement (JDA) - Transfer / sale of land u/s 2(47)(v) or not? - - the said execution of land development agreement cannot be a sale of land in favour of the builder within the meaning of section 2(47)(v) as only construction was allowed to be done by the builders after obtaining necessary approvals from competent authorities and, therefore, the capital gain has wrongly been computed and charged to tax. - AT Highlights Income Tax Sat, 30 Dec 2023 09:51:34 +0530 https://www.taxtmi.com/highlights?id=73852