Granting of license to developer doesn’t amount to possession within meaning of section 53A of TP Act

Late Bharat Jayantilal Patel Vs DCIT (Bombay High Court)

Bombay High Court held that granting of license to developer (who entered into assessee’s land for the purpose of development) doesn’t amount to ‘allowing the possession of the land’ within the meaning of section 53A of the Transfer of Property Act.

Facts-

The Petitioner in the present Petition challenges inter alia the notice issued under Section 148 of the Income Tax Act, 1961 (“the Act”) dated 2

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