The case, brought before the court, delved into the complexities surrounding the taxation of TDR in collaboration agreements between landowners and developers. The decision carries implications for businesses engaged in joint development ventures and sets a precedent for similar cases across the country.

This verdict comes amidst ongoing discussions about the GST framework and its reach across diverse economic activities. The court's nuanced interpretation and determination of the tax implications on JDAs offer clarity to stakeholders navigating the intricate landscape of real estate transactions.

The ruling, available here, outlines the court's rationale, providing legal insights into the treatment of TDR under the GST regime. As the legal community absorbs the implications, businesses and practitioners await potential ripple effects on their operations, making this a key development in the realm of tax law and property transactions.