https://www.taxtmi.com/highlights?id=2967 Taxability on compensation received on transfer of 'Development Rights' - a capital asset in respect of which the cost of improvement could not be ascertained and therefore the receipts of consideration for transfer of the said rights cannot be brought to tax as the said receipts will be capital receipts and not capital gain. - AT en-us Mon, 20 Feb 2012 11:10:12 +0530 Mon, 20 Feb 2012 11:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2967 Taxability on compensation received on transfer of 'Development Rights' - a capital asset in respect of which the cost of improvement could not be ascertained and therefore the receipts of consideration for transfer of the said rights cannot be brought to tax as the said receipts will be capital receipts and not capital gain. - AT Highlights Income Tax Mon, 20 Feb 2012 11:10:12 +0530 https://www.taxtmi.com/highlights?id=2967