https://www.taxtmi.com/caselaws?id=781837 A registered joint development agreement does not by itself conclude the year or nature of transfer for capital gains where the record does not clearly establish the date of transfer, possession or the effect of part performance. The Tribunal therefore remitted the transfer issue for fresh examination of the agreement terms, evidence and the applicable legal principles. It also directed recomputation of capital gains because the consideration attributable to the assessee's share, cost evidence and indexation claim had not been properly verified. The profit from sale of the constructed portion was also left open for separate examination as business income if the facts so warranted. en-us Thu, 16 Oct 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781837 A registered joint development agreement does not by itself conclude the year or nature of transfer for capital gains where the record does not clearly establish the date of transfer, possession or the effect of part performance. The Tribunal therefore remitted the transfer issue for fresh examination of the agreement terms, evidence and the applicable legal principles. It also directed recomputation of capital gains because the consideration attributable to the assessee's share, cost evidence and indexation claim had not been properly verified. The profit from sale of the constructed portion was also left open for separate examination as business income if the facts so warranted. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781837