2011 (9) TMI 1241 - HC - Income Tax

Summary

The Bombay High Court ruled that the amount received on the sale of Transfer of Development Right (TDR) should be assessed in the year the project was completed, not when the amount was received. The court dismissed the appeal and upheld the deletion of the addition of the amount received by the assessee on the transfer of TDR in the year 2002-03.