https://www.taxtmi.com/caselaws?id=790836 Execution of a joint development agreement did not amount to a transfer for capital gains purposes where possession was handed over only for limited development activity and no consideration was received during the year. On those facts, the conditions for deeming transfer under section 2(47)(v) of the Income-tax Act, read with section 53A of the Transfer of Property Act, were not satisfied, so section 45(1) did not apply. The long-term capital gain addition was therefore deleted, and the appeal was allowed on the core chargeability issue. en-us Fri, 17 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790836 Execution of a joint development agreement did not amount to a transfer for capital gains purposes where possession was handed over only for limited development activity and no consideration was received during the year. On those facts, the conditions for deeming transfer under section 2(47)(v) of the Income-tax Act, read with section 53A of the Transfer of Property Act, were not satisfied, so section 45(1) did not apply. The long-term capital gain addition was therefore deleted, and the appeal was allowed on the core chargeability issue. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790836