https://www.taxtmi.com/caselaws?id=244869 The Tribunal allowed the appeal filed by the assessee, dismissing the appeal by the AO. It held that no cost of acquisition could be attributed to the additional 0.25 FSI and TDR, thus exempting the transfer from tax under capital gains. The Tribunal ruled in favor of the assessee, stating that the amount received was a capital receipt and not taxable. The Tribunal reversed the CIT(A)'s decision and allowed the grounds of cross-objection and additional grounds filed by the assessee for statistical purposes. en-us Wed, 26 Feb 2014 00:00:00 +0530 Tue, 11 Mar 2014 07:00:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244869 The Tribunal allowed the appeal filed by the assessee, dismissing the appeal by the AO. It held that no cost of acquisition could be attributed to the additional 0.25 FSI and TDR, thus exempting the transfer from tax under capital gains. The Tribunal ruled in favor of the assessee, stating that the amount received was a capital receipt and not taxable. The Tribunal reversed the CIT(A)'s decision and allowed the grounds of cross-objection and additional grounds filed by the assessee for statistical purposes. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244869