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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Nature of capital gain - long term vs short term - recognition ...


Capital Gain from Development Rights Deemed Long-Term Due to Original Agreement Recognition and Subsequent Confirmation.

May 4, 2019

Case Laws     Income Tax     AT

Nature of capital gain - long term vs short term - recognition of consideration given by earlier agreement of development rights in land in the later registered document establishes the case of assessee that he had acquired the rights way back at a time of original agreement - the gain arising on transfer of such development rights is to be assessed as ‘Long term capital gains’

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