https://www.taxtmi.com/caselaws?id=335849 The Tribunal allowed the appeal, determining that income from the sale of development rights should be treated as "Capital Gains" rather than "Income from Other Sources." The assessee was granted indexation benefits up to the transfer date, with lower authorities' additions being deleted. Emphasizing no penalty for delayed tax declaration, the Tribunal applied the correct income classification based on case facts. The judgment was issued on 09.12.2016. en-us Fri, 09 Dec 2016 00:00:00 +0530 Sun, 11 Dec 2016 23:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335849 The Tribunal allowed the appeal, determining that income from the sale of development rights should be treated as "Capital Gains" rather than "Income from Other Sources." The assessee was granted indexation benefits up to the transfer date, with lower authorities' additions being deleted. Emphasizing no penalty for delayed tax declaration, the Tribunal applied the correct income classification based on case facts. The judgment was issued on 09.12.2016. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335849