No Capital Gains on JDA Without Consideration or Transfer of Possession: ITAT Hyderabad

Sahodhar Reddy Muddasani Vs DCIT (ITAT Hyderabad)

No Capital Gains on JDA Without Consideration or Transfer of Possession: ITAT Hyderabad Deletes Addition u/s 45

The Hyderabad Bench of the ITAT deleted the addition of ₹3.65 lakh made towards long-term capital gains, holding that mere execution of a Joint Development Agreement (JDA) does not give rise to a taxable transfer unless consideration is received or possession is handed over in the manner contemplated under law.

The assessee, al

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