https://www.taxtmi.com/caselaws?id=203190 Whether the sum received by the assessee qualifies as taxable capital gain or as income under section 2(24): Tribunal found the society never transferred land or any proprietary right; it only granted consent to a developer to consume TDR and received a modest payment. Legal basis - absence of transfer of capital asset precludes capital gains; absence of receipt of income as defined under section 2(24) precludes taxation as income. Outcome: the payment (largely unreceived except Rs.2,51,000) is not taxable; decision for the assessee. en-us Fri, 25 Feb 2011 00:00:00 +0530 Sat, 17 Jan 2026 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203190 Whether the sum received by the assessee qualifies as taxable capital gain or as income under section 2(24): Tribunal found the society never transferred land or any proprietary right; it only granted consent to a developer to consume TDR and received a modest payment. Legal basis - absence of transfer of capital asset precludes capital gains; absence of receipt of income as defined under section 2(24) precludes taxation as income. Outcome: the payment (largely unreceived except Rs.2,51,000) is not taxable; decision for the assessee. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203190