https://www.taxtmi.com/caselaws?id=208224 The Tribunal upheld the CIT(A)'s decision that receipts from the sale of Transferable Development Rights (TDR) were capital receipts, not business income. The Tribunal found no cost attributable to the TDR and cited relevant case law. Consequently, the department's claims of suppression of sale price and addition of joint venture profit were dismissed. The appeal was decided in favor of the assessee, with the order pronounced on 21.1.2010. en-us Thu, 21 Jan 2010 00:00:00 +0530 Mon, 09 Jan 2012 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208224 The Tribunal upheld the CIT(A)'s decision that receipts from the sale of Transferable Development Rights (TDR) were capital receipts, not business income. The Tribunal found no cost attributable to the TDR and cited relevant case law. Consequently, the department's claims of suppression of sale price and addition of joint venture profit were dismissed. The appeal was decided in favor of the assessee, with the order pronounced on 21.1.2010. Case-Laws Income Tax Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208224