Thursday, February 18, 2021

Sale of Transferable Development rights are outside purview of section 50C

INCOME TAX : Where assessee sold Transferable Development Right (TDR) held by it in a land and not land itself, provisions of section 50C would not be applicable upon impugned transaction

from www.taxmann.com Latest Case Laws https://ift.tt/3jWWJjL

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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