Transfer U/s. 2(47)(v) when GPA & JDA registered entitling developer to sell etc.

M/s. Tamilnadu Brick Industries Vs ITO (ITAT Chennai)

Once registered GPA and JDA confers entitlement to developer to sell, convey or deed in any manner with 60% undivided share, etc., it would be construed nothing but transfer of property being land within meaning of section 2(47)(v).

FULL TEXT OF THE ITAT JUDGMENT

This appeal filed by the assessee is directed against the order of the ld. Please become a Premium member. If you are already a Premium member, login here to access the full content.