TMI BlogSale of development rights is to be taxable as long term capital gain and not as income from other...Sale of development rights is to be taxable as long term capital gain and not as income from other sources as held by AO. - The consequential deductions/exemptions u/s. 54 of the Act etc. will be allowed to the assessee - - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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