Sale of development rights is to be taxable as long term capital ...
Development Rights Sale: Taxable Long-Term Capital Gain, Not Other Income. Deductions and Exemptions Allowed u/s 54.
June 8, 2016
Case Laws Income Tax AT
Sale of development rights is to be taxable as long term capital gain and not as income from other sources as held by AO. - The consequential deductions/exemptions u/s. 54 of the Act etc. will be allowed to the assessee - - AT
View Source