https://www.taxtmi.com/caselaws?id=462863 In a joint development arrangement, capital gains are chargeable in the previous year in which the competent authority issues the completion certificate for the project, or the relevant part of it, under section 45(5A) of the Income-tax Act, 1961. The assessee's receipt of the constructed portion and earlier possession did not override this statutory timing rule, so taxation in the assessment year under consideration was upheld. The provision fixes the year of charge by reference to completion certification, not mere transfer-related events. en-us Thu, 29 Aug 2024 00:00:00 +0530 Tue, 12 May 2026 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462863 In a joint development arrangement, capital gains are chargeable in the previous year in which the competent authority issues the completion certificate for the project, or the relevant part of it, under section 45(5A) of the Income-tax Act, 1961. The assessee's receipt of the constructed portion and earlier possession did not override this statutory timing rule, so taxation in the assessment year under consideration was upheld. The provision fixes the year of charge by reference to completion certification, not mere transfer-related events. Case-Laws Income Tax Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462863