Addition on sale of Transferable Development Rights (TDR) - AO ...

CIT(A) Decision on Non-Declared TDR Income Criticized for Lack of Detail, Deemed Unsustainable by Assessing Officer.

March 28, 2020

Case Laws Income Tax AT

Addition on sale of Transferable Development Rights (TDR) - AO noted that despite receiving income the assessee has not offered the same to tax - assessee had to surrender 27% of the vacant plot and in lieu thereof subsequently it got TDR - CIT(A) deleted the additions - CIT(A)’s order is nonspeaking and laconic cannot be sustained.

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Addition on sale of Transferable Development Rights (TDR) - AO ...

CIT(A) Decision on Non-Declared TDR Income Criticized for Lack of Detail, Deemed Unsustainable by Assessing Officer.

March 28, 2020

Case Laws Income Tax AT

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