Taxability on compensation received on transfer of 'Development ...

Transfer of 'Development Rights' Classified as Non-Taxable Capital Receipts When Improvement Costs Are Indeterminable.

February 20, 2012

Case Laws Income Tax AT

Taxability on compensation received on transfer of 'Development Rights' - a capital asset in respect of which the cost of improvement could not be ascertained and therefore the receipts of consideration for transfer of the said rights cannot be brought to tax as the said receipts will be capital receipts and not capital gain. - AT

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Taxability on compensation received on transfer of 'Development ...

Transfer of 'Development Rights' Classified as Non-Taxable Capital Receipts When Improvement Costs Are Indeterminable.

February 20, 2012

Case Laws Income Tax AT

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