Valuation of cost of acquisition of FSI and TDR – mere granting ...

FSI and TDR use permission involves no payment; capital gains tax under Income Tax Act Section 48 not applicable.

March 11, 2014

Case Laws Income Tax AT

Valuation of cost of acquisition of FSI and TDR – mere granting permission to allow the use of FSI/ TDR did not involve payment of any amount - provisions of section 48 cannot be applied - transfer cannot be subjected to tax under capital gain - AT

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Valuation of cost of acquisition of FSI and TDR – mere granting ...

FSI and TDR use permission involves no payment; capital gains tax under Income Tax Act Section 48 not applicable.

March 11, 2014

Case Laws Income Tax AT

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