https://www.taxtmi.com/caselaws?id=778004 ITAT set aside the CIT(A) order and remanded the matter to the AO for fresh decision on whether a "transfer" under s. 2(24) occurred on execution of the development agreement or only on handing over possession of the completed flat. The tribunal found lower authorities did not examine the development agreement and evidentiary materials to determine if the assessee merely authorized construction or effected a transfer. The appeal was treated as allowed for statistical purposes. en-us Wed, 15 Jan 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778004 ITAT set aside the CIT(A) order and remanded the matter to the AO for fresh decision on whether a "transfer" under s. 2(24) occurred on execution of the development agreement or only on handing over possession of the completed flat. The tribunal found lower authorities did not examine the development agreement and evidentiary materials to determine if the assessee merely authorized construction or effected a transfer. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778004