https://www.taxtmi.com/caselaws?id=754039 The ITAT Delhi held that transfer of booking rights under an agreement to sell dated 08.03.2008 was completed only when builder's permission was granted on 02.05.2008, making the transfer effective in AY 2009-10 rather than AY 2008-09. The tribunal directed the AO to delete the capital gain addition from AY 2008-09 and convert the protective assessment in AY 2009-10 to substantive basis, allowing the assessee's grounds. en-us Wed, 12 Jun 2024 00:00:00 +0530 Sat, 15 Jun 2024 08:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754039 The ITAT Delhi held that transfer of booking rights under an agreement to sell dated 08.03.2008 was completed only when builder's permission was granted on 02.05.2008, making the transfer effective in AY 2009-10 rather than AY 2008-09. The tribunal directed the AO to delete the capital gain addition from AY 2008-09 and convert the protective assessment in AY 2009-10 to substantive basis, allowing the assessee's grounds. Case-Laws Income Tax Wed, 12 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754039