{"id":56204,"date":"2025-08-22T10:52:25","date_gmt":"2025-08-22T05:22:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/balasaheb-popatrao-phadol-v-ito-2025-212-itd-280-punetrib\/"},"modified":"2025-08-22T10:52:25","modified_gmt":"2025-08-22T05:22:25","slug":"balasaheb-popatrao-phadol-v-ito-2025-212-itd-280-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/balasaheb-popatrao-phadol-v-ito-2025-212-itd-280-punetrib\/","title":{"rendered":"Balasaheb Popatrao Phadol v. ITO (2025) 212 ITD 280 (Pune)(Trib.)"},"content":{"rendered":"<h5>Assessee entered into a development agreement with a builder, in lieu of which flats were to be received later. AO taxed capital gains on signing of the agreement. Tribunal noted that only a licence for construction was given and no possession as per section 53A of Transfer of Property Act was handed over. Hence, no transfer u\/s 2(47)(v) took place, and capital gains were not chargeable. (AY. 2012-13)<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Development agreement-Mere licence granted to developer without possession-No transfer-No capital gains.[S. 2(47)(v), Transfer of Property Act, 1882, S. 53A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-56204","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eCw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=56204"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56204\/revisions"}],"predecessor-version":[{"id":56205,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56204\/revisions\/56205"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}