https://www.taxtmi.com/caselaws?id=191670 Compensation received for transfer of development rights was held not chargeable to capital gains tax because the rights were not an independently acquired capital asset with an ascertainable cost of acquisition. Applying the principle that section 45 does not operate where cost of acquisition cannot be determined, the Tribunal found that the receipt could not be brought to tax as capital gains and the addition was unsustainable. en-us Mon, 21 Jan 2013 00:00:00 +0530 Wed, 12 Apr 2017 18:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191670 Compensation received for transfer of development rights was held not chargeable to capital gains tax because the rights were not an independently acquired capital asset with an ascertainable cost of acquisition. Applying the principle that section 45 does not operate where cost of acquisition cannot be determined, the Tribunal found that the receipt could not be brought to tax as capital gains and the addition was unsustainable. Case-Laws Income Tax Mon, 21 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191670