Bombay HC: TDR profit as capital gain not taxable. Appeal dismissed for lack of legal questions.

The Bombay HC upheld the Tribunal's decision that profit from Transferable Development Rights (TDR) is capital gain and not taxable, dismissing the appeal for lack of substantial legal questions.

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The Bombay High Court upheld the Tribunal's decision that profit from Transferable Development Rights (TDR) should be treated as capital gain and not assessable to tax. The appeal was dismissed as no substantial question of law was found.

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