https://www.taxtmi.com/caselaws?id=796499 Possession granted under a joint development agreement solely for development, without conveyance, title transfer, monetary advance or part performance, does not constitute a taxable transfer. Capital gains arise on receipt of constructed flats under the special regime, with stamp-duty value of the built-up area forming consideration; the flats may qualify as residential-house investment for exemption. On subsequent flat sales, acquisition cost should match the value adopted at the first stage, and the holding period runs from the occupancy certificate. Deemed rental income provisions do not apply to unsold flats held as capital assets rather than stock-in-trade. en-us Wed, 28 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796499 Possession granted under a joint development agreement solely for development, without conveyance, title transfer, monetary advance or part performance, does not constitute a taxable transfer. Capital gains arise on receipt of constructed flats under the special regime, with stamp-duty value of the built-up area forming consideration; the flats may qualify as residential-house investment for exemption. On subsequent flat sales, acquisition cost should match the value adopted at the first stage, and the holding period runs from the occupancy certificate. Deemed rental income provisions do not apply to unsold flats held as capital assets rather than stock-in-trade. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796499