https://www.taxtmi.com/caselaws?id=789483 Long-term capital gains claimed from a joint development agreement were held not taxable in the assessee's hands where the same agreement, involving other co-owners on identical facts, had already been accepted by the Revenue in other cases without transfer being recognised. The analysis applied the consistency principle that the Revenue should not adopt a different stand on the same transaction absent just cause. On that basis, the assessee's share in the development agreement was treated as not giving rise to taxable capital gains, and the related addition was deleted. en-us Wed, 18 Mar 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789483 Long-term capital gains claimed from a joint development agreement were held not taxable in the assessee's hands where the same agreement, involving other co-owners on identical facts, had already been accepted by the Revenue in other cases without transfer being recognised. The analysis applied the consistency principle that the Revenue should not adopt a different stand on the same transaction absent just cause. On that basis, the assessee's share in the development agreement was treated as not giving rise to taxable capital gains, and the related addition was deleted. Case-Laws Income Tax Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789483