https://www.taxtmi.com/caselaws?id=796012 Compensation attributable to development rights transferred to a developer under a pre-existing binding Development Agreement does not accrue as taxable income to the land-holding entity where the developer holds the exclusive commercial interest, funded acquisition, and assumed the associated risks and obligations. Retention of legal title alone does not establish entitlement to the full compulsory-acquisition compensation. Payment to the developer discharges an overriding contractual obligation, provided the arrangement is genuine and consistently implemented. Taxing the same receipt in both hands would result in double taxation where the developer has offered it to tax. en-us Mon, 27 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796012 Compensation attributable to development rights transferred to a developer under a pre-existing binding Development Agreement does not accrue as taxable income to the land-holding entity where the developer holds the exclusive commercial interest, funded acquisition, and assumed the associated risks and obligations. Retention of legal title alone does not establish entitlement to the full compulsory-acquisition compensation. Payment to the developer discharges an overriding contractual obligation, provided the arrangement is genuine and consistently implemented. Taxing the same receipt in both hands would result in double taxation where the developer has offered it to tax. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796012