https://www.taxtmi.com/caselaws?id=772828 The Tribunal ruled that a redevelopment agreement between a cooperative housing society and a builder does not constitute a property transfer for capital gains tax purposes. No actual transfer or possession change occurred, and the stamp duty valuation was not equivalent to received consideration. The Tribunal deleted the Assessing Officer's addition of Rs. 6,52,77,000/- as short-term capital gains, finding the transaction did not trigger tax liability under the Income-tax Act. en-us Mon, 07 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772828 The Tribunal ruled that a redevelopment agreement between a cooperative housing society and a builder does not constitute a property transfer for capital gains tax purposes. No actual transfer or possession change occurred, and the stamp duty valuation was not equivalent to received consideration. The Tribunal deleted the Assessing Officer's addition of Rs. 6,52,77,000/- as short-term capital gains, finding the transaction did not trigger tax liability under the Income-tax Act. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772828