https://www.taxtmi.com/caselaws?id=121928 Receipts from the assignment of Transfer of Development Rights were not taxable in the hands of a registered housing society where it was not the landowner and individual flat owners separately contracted with the developer for building repairs and construction. The Assessing Officer had treated consideration received by flat owners as the society's income. The appellate finding treated no income as accruing to the society from the TDR assignment or additional construction, and the Tribunal confirmed that treatment. Revenue's appeal was dismissed. en-us Fri, 06 Jun 2008 00:00:00 +0530 Sat, 17 Jan 2026 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121928 Receipts from the assignment of Transfer of Development Rights were not taxable in the hands of a registered housing society where it was not the landowner and individual flat owners separately contracted with the developer for building repairs and construction. The Assessing Officer had treated consideration received by flat owners as the society's income. The appellate finding treated no income as accruing to the society from the TDR assignment or additional construction, and the Tribunal confirmed that treatment. Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 06 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121928