https://www.taxtmi.com/caselaws?id=334696 The High Court upheld the Assessing Officer's decision on the taxability of consideration received on the transfer of development rights, allowing only a portion to be taxable income. It also supported the allowance of warranty expenses claimed by the respondent-assessee, noting the Assessing Officer's satisfaction with the justifications provided. Additionally, the High Court agreed with the ITAT's decision on the set off of short term capital loss, emphasizing the importance of following relevant provisions. The appeal was dismissed, affirming the ITAT's rulings on these matters. en-us Mon, 29 Feb 2016 00:00:00 +0530 Thu, 17 Nov 2016 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334696 The High Court upheld the Assessing Officer's decision on the taxability of consideration received on the transfer of development rights, allowing only a portion to be taxable income. It also supported the allowance of warranty expenses claimed by the respondent-assessee, noting the Assessing Officer's satisfaction with the justifications provided. Additionally, the High Court agreed with the ITAT's decision on the set off of short term capital loss, emphasizing the importance of following relevant provisions. The appeal was dismissed, affirming the ITAT's rulings on these matters. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334696