If, in the following year, the profits of the company were to be taxed in the hands of the expert landowner, when the project dwellings were fully developed and handed over to home buyers, the capital gains resulting from the conversion of the Assessive`s land into shares in the trading before the development agreement would also be imposed on the expert`s hands in the following year. Without being supported by the various positive/unfavourable judgments as above, it is necessary to independently analyze the particular facts and circumstances of each case and to be sufficiently careful in the development of the development agreement and the planning of general cases, so that the evidence is given priority, without the courts leaving to the content of the parties` formal/actual intentions. When the landowner transfers the land as a commercial portfolio under the JDA, instead of certain % of the built-up area (housing, stores, etc.) that must be purchased from the developer and are prepared to sell the same thing as a commercial stock in the future, the applicability of the relevant accounting standards/ICDS must be carefully considered, in addition to the guarantees described above. (ii) “specified agreement”: a registered contract in which a person who owns real estate or real estate or who owns both agrees to authorize another person to develop a real estate project on that land or building, or both, taking into account a portion, by country or by building, or both, of a project of this type, with or without payment of a portion of the consideration in cash; A Joint Development Agreement (JDA) between two or more companies is a legal agreement that sets out the terms of a project to jointly promote or develop a product or service and to benefit from the benefits of the process and beyond. Some of the roles and responsibilities of the various parties in the AIC agreements, supported by documentary evidence that each party played its role and that this role played an important role in the overall development of the project. In summary, the new Section 45 (5A) has set, among other things, the tax eligibility year for the capital gain, regardless of the year of the transfer of assets (in the form of real estate) u/s 2 (47) of the law; and also removed subjectivity in the assessment of the non-monetary consideration that was received/accumulated as a result of the transfer under the development agreement. (vi) any transaction (through the accession or acquisition of shares in a cooperative, company or other group of persons, either by agreement or by other means) that results in the transfer or enjoyment of a property.