https://www.taxtmi.com/circulars?id=4869 Investment in a flat allotted under the Self financing Scheme of the Delhi Development Authority is to be treated as construction for capital gains exemption purposes because the allottee obtains title on issuance of the allotment letter, the DDA performs construction on behalf of the allottee, instalment payments are secondary obligations, and the tentative cost of construction determined under the Scheme constitutes the cost of the new asset; the instalment mechanism does not change the transaction's character. en-us Wed, 15 Oct 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4869 Investment in a flat allotted under the Self financing Scheme of the Delhi Development Authority is to be treated as construction for capital gains exemption purposes because the allottee obtains title on issuance of the allotment letter, the DDA performs construction on behalf of the allottee, instalment payments are secondary obligations, and the tentative cost of construction determined under the Scheme constitutes the cost of the new asset; the instalment mechanism does not change the transaction's character. Circulars Income Tax Wed, 15 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4869