{"id":61529,"date":"2026-07-02T09:39:25","date_gmt":"2026-07-02T04:09:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vadagur-narayanappa-premachandra-v-acit-it-2025-234-ttj-350-171-taxmann-com-471-bangtrib\/"},"modified":"2026-07-02T09:39:25","modified_gmt":"2026-07-02T04:09:25","slug":"vadagur-narayanappa-premachandra-v-acit-it-2025-234-ttj-350-171-taxmann-com-471-bangtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vadagur-narayanappa-premachandra-v-acit-it-2025-234-ttj-350-171-taxmann-com-471-bangtrib\/","title":{"rendered":"Vadagur Narayanappa Premachandra v. ACIT (IT) (2025) 234 TTJ 350 \/ 171 taxmann.com 471 (Bang)(Trib)"},"content":{"rendered":"<p>Assessee, his father, sister and brother, having executed the joint development agreement with the developer in their capacity as owners of land and subsequently executed a partition deed among themselves for dividing the property which was constructed by the developer according to their shares, it has to be accepted that there were four co-owners of the said land and not two as assumed by the AO. Tribunal restored the matter to the file of the AO to enquire as to whether the assessee&#8217;s father and sister sold their respective shares separately, which they got based on the partition deed; if it is found that all the four owners have separately sold their respective shares of property, the long-term capital gain is to be computed by taking the assessee&#8217;s share as 25 per cent. As regards the construction of a house within the specified period, the issue was remanded to the AO to decide the issue after considering the relevant documents<strong>.\u00a0 <\/strong>\u00a0(AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45: Capital gains-Joint  Development Agreement-Co-owners-Matter remanded to determine the share of each co-owner and decide the taxability-Construction of house within specified period-Matter remanded to decide after considering the relevant documents. [S. 54] <\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61529","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g0p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61529","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=61529"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61529\/revisions"}],"predecessor-version":[{"id":61530,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61529\/revisions\/61530"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}