SECTION 2(47),READ WITH SECTION 45 OF THE IT ACT, 1961 – TRANSFER -YEAR IN WHICH TRANSFER TOOK PLACE
Section 2(47), read with section 45 of the Income-tax Act, 1961 – Capital gains – Transfer -Year in which transfer took place Where in terms of development agreement, assessee handed over physical possession of property to builder allowing it to enjoy 60 per cent of land in lieu of 40 per cent of constructed area, …