https://www.taxtmi.com/caselaws?id=781261 ITAT held that there was no "transfer" under section 2(47)(v) and no chargeable capital gain under section 45(1) for the assessment year because landowners had only granted a limited licence to the developer to enter for construction; possession was to be deemed delivered only upon handing over built-up areas, no consideration was received, and the project remained under construction. The AO's addition, upheld by CIT(A), was found unsustainable and directed to be deleted. en-us Wed, 08 Oct 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781261 ITAT held that there was no "transfer" under section 2(47)(v) and no chargeable capital gain under section 45(1) for the assessment year because landowners had only granted a limited licence to the developer to enter for construction; possession was to be deemed delivered only upon handing over built-up areas, no consideration was received, and the project remained under construction. The AO's addition, upheld by CIT(A), was found unsustainable and directed to be deleted. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781261