Taxability of Real Estate transactions

Construction whether
before or after the date of
transfer
• Whether construction of house property can
be completed before the date of transfer of
the original asset
• Held, No
Smt Shantaben P.Gandhi (1981) 129 ITR 218 (Guj(
Guj)
CIT v. JR Subramanya Bhat (1987) 165 ITR 571
• Whether it can be started before the date of
transfer
• Held, Yes
CIT v. HK Kapoor (1998) 150 CTR 128 (All)