Capital gain - there is no Joint Development Agreement (JDA), ...
Capital Gains Case: No Joint Development Agreement; Unregistered Sale Agreement Incomplete, AO's Addition Unnecessary.
September 20, 2018
Case Laws Income Tax AT
Capital gain - there is no Joint Development Agreement (JDA), but only an unregistered sale agreement, which could not be fulfilled due to external reasons and there was no handing over of possession at any point of time to the purchaser - the addition made by the AO is uncalled for.
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