https://www.taxtmi.com/caselaws?id=244094 The Tribunal ruled in favor of the appellant Cooperative Housing Society, holding that the surplus on the sale of Transfer of Development Rights (TDR) should not be treated as Short Term Capital Gain (STCG) due to the absence of a cost of acquisition. The Tribunal directed the Assessing Officer to delete the addition made on account of the sale of TDR as STCG. The decision was based on the understanding that TDR does not have a cost of acquisition and therefore cannot be subjected to capital gains tax. en-us Wed, 29 Jan 2014 00:00:00 +0530 Wed, 12 Feb 2014 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244094 The Tribunal ruled in favor of the appellant Cooperative Housing Society, holding that the surplus on the sale of Transfer of Development Rights (TDR) should not be treated as Short Term Capital Gain (STCG) due to the absence of a cost of acquisition. The Tribunal directed the Assessing Officer to delete the addition made on account of the sale of TDR as STCG. The decision was based on the understanding that TDR does not have a cost of acquisition and therefore cannot be subjected to capital gains tax. Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244094