https://www.taxtmi.com/caselaws?id=267494 The High Court upheld the Tribunal's decision that the receipt arising from the assignment of Transfer of Development Rights (TDR) is not taxable in the hands of the assessee society. The Court found in favor of the respondent-assessee based on established legal principles and precedents, clarifying the ownership and taxation aspects of TDR assignments. The appeal was disposed of based on the findings related to the taxability of TDR receipts, with the Court deeming it unnecessary to address the implications of the cost of acquisition of TDR on capital gain tax. en-us Mon, 26 Oct 2015 00:00:00 +0530 Sat, 07 Nov 2015 10:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267494 The High Court upheld the Tribunal's decision that the receipt arising from the assignment of Transfer of Development Rights (TDR) is not taxable in the hands of the assessee society. The Court found in favor of the respondent-assessee based on established legal principles and precedents, clarifying the ownership and taxation aspects of TDR assignments. The appeal was disposed of based on the findings related to the taxability of TDR receipts, with the Court deeming it unnecessary to address the implications of the cost of acquisition of TDR on capital gain tax. Case-Laws Income Tax Mon, 26 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267494