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2015 (11) TMI 400 - HC - Income TaxTransfer of Development Rights (TDR) - Chargeability to capital gain - whether acquisition of TDR (additional FSI) would amount to capital gains in the case at hand? – Held that:- Only that which was capable of acquisition at a cost would be included within the provisions pertaining to the head “Capital gains” as opposed to assets in the acquisition of which there was no cost at all. As in the present case, the situation was that the FSI/TDR was generated by the plot itself. There was no cost of acquisition in any of the appeals before us. Accordingly, following the view taken in Sambhaji Nagar Co-operative Housing Society Ltd. [2014 (12) TMI 1069 - BOMBAY HIGH COURT] we find that none of the questions proposed by the Appellant raise any substantial question of law. - Decided in favour of assessee.
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