https://www.taxtmi.com/caselaws?id=777748 ITAT PUNE - AT held that no LTCG arose to the assessee for A.Y. 2014-15 because the Development Agreement merely referred to the assessee as "Consenting Party" and did not show receipt of any amount. The assessee was not the property owner and had no rights under the purchase deed and agreement, and the Revenue failed to rebut absence of receipt. The AO's addition was therefore deleted and the AO directed to remove the LTCG addition. en-us Thu, 28 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777748 ITAT PUNE - AT held that no LTCG arose to the assessee for A.Y. 2014-15 because the Development Agreement merely referred to the assessee as "Consenting Party" and did not show receipt of any amount. The assessee was not the property owner and had no rights under the purchase deed and agreement, and the Revenue failed to rebut absence of receipt. The AO's addition was therefore deleted and the AO directed to remove the LTCG addition. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777748