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Joint Development Agreement Triggers Capital Gains Tax under Income Tax Act Section 2(47) for 50% Built-up Area Share.

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....Capital gains - transfer u/s 2(47) - Assessee entered into JDA agreement - As per the agreement, the assessee is entitled for 50% of built up area - held as liable to tax as capital gains - AT....

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Joint Development Agreement Triggers Capital Gains Tax under Income Tax Act Section 2(47) for 50% Built-up Area Share.