https://www.taxtmi.com/caselaws?id=785950 A joint development agreement did not, by itself, amount to a taxable transfer for capital gains purposes where no consideration had been received or accrued in the relevant year and possession was given only for development purposes. Applying the Telangana High Court view, the Tribunal held that section 45(1) of the Income-tax Act is triggered only when consideration accrues or possession is handed over in the manner contemplated by section 53A of the Transfer of Property Act. The addition towards long-term capital gains was therefore not sustainable and was deleted. en-us Fri, 16 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785950 A joint development agreement did not, by itself, amount to a taxable transfer for capital gains purposes where no consideration had been received or accrued in the relevant year and possession was given only for development purposes. Applying the Telangana High Court view, the Tribunal held that section 45(1) of the Income-tax Act is triggered only when consideration accrues or possession is handed over in the manner contemplated by section 53A of the Transfer of Property Act. The addition towards long-term capital gains was therefore not sustainable and was deleted. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785950