Capital gain - assessee has argued that the assessee is a ...
Society Wins Case: No Capital Gains Tax on Transfer of TDR Without Acquisition Cost Under Income Tax Rules.
April 20, 2020
Case Laws Income Tax AT
Capital gain - assessee has argued that the assessee is a society and did not incur any cost to acquire the TDR attached to land owned by it and transferred the same to a developer for a consideration for construction of a floor space and transfer of TDR would not give rise to any capital gains chargeable to tax - Additions deleted by accepting the argument - AT
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