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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

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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