LTCG - year of taxability on transfer of development rights in a ...

Case Laws Income Tax

July 9, 2022

LTCG - year of taxability on transfer of development rights in a plot of land - Year of Chargeability - CIT(A) held that capital gain is taxable in AY 2012-13 rather than in AY 2009-10 - the capital asset of the assessee cannot be treated as transferred u/s 2(47)(4) of the Act read with section 53A of the Transfer of Property Act in assessment year 2009-10. We do not find any error in the finding of the Ld. CIT(A) on the issue in dispute - AT

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LTCG - year of taxability on transfer of development rights in a ...

Case Laws Income Tax

July 9, 2022

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