https://www.taxtmi.com/caselaws?id=470190 A 35% receipt from an association of persons was characterised as the assessee's share of profits rather than consideration for surrender or transfer of development rights. The contractual interpretation previously accepted for the association of persons in the same assessment years established that no development rights had been surrendered. The same factual finding and agreement interpretation applied to the assessee's assessments, leaving no substantial question of law. The receipt was therefore treated as profit share from the association of persons. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sat, 18 Jul 2026 20:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470190 A 35% receipt from an association of persons was characterised as the assessee's share of profits rather than consideration for surrender or transfer of development rights. The contractual interpretation previously accepted for the association of persons in the same assessment years established that no development rights had been surrendered. The same factual finding and agreement interpretation applied to the assessee's assessments, leaving no substantial question of law. The receipt was therefore treated as profit share from the association of persons. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470190