transfer 2(47)

  • Income Tax

Revenue should not take the benefit of the mistake committed by the assessee

Revenue not to take benefit of mistake committed by assessee. Gift wrongly executed through sale deed can not be taxed…

2 weeks ago
  • Income Tax

Capital gain tax in JDA is in year of receipt of constructed area not in year of agreement

Capital gain tax in JDA is in the year of receipt of constructed area and not in year of entering…

2 months ago
  • Income Tax

Conditions to be fulfilled by original fund u/s 47(viiad) if resultant fund is Category III AIF

Conditions to be fulfilled by original fund u/s 47(viiad) if resultant fund is Category III Alternative Investment Fund  MINISTRY OF…

2 years ago
  • Income Tax

No TDS u/s 194IA on advance security deposit under JDA as there was no transfer

No TDS u/s 194IA on advance security deposit under JDA as there was no transfer as conditions of Section 2(47)(v)…

3 years ago
  • Income Tax

Transfer u/s 2(47)(v) complete on taking possession of property in part performance of contract

Transfer u/s 2(47)(v) is complete when possession of immovable property taken over in part performance of contract  ABCAUS Case Law…

5 years ago
  • Income Tax

Transfer of property by irrevocable power of attorney not valid mode of transfer u/s 2(47)-ITAT

Transfer of the property by irrevocable power of attorney not valid mode of transfer u/s 2(47). ITAT follows Supreme Court…

5 years ago
  • Income Tax

Supreme Court explains concept of JDA and tax liability us 2(47), Section 45 and 48

Supreme Court explains the concept of income tax on Joint development agreement and applicability u/s 2(47) and section 45 and…

7 years ago
  • Income Tax

Demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of capital assets rights for capital gain purpose

ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by…

8 years ago