https://www.taxtmi.com/caselaws?id=191700 The appeal involved the deletion of a long term capital gain addition by the Assessing Officer, focusing on the taxation of the sale of Floor Space Index (FSI). The Tribunal ruled that as there was no cost of acquisition for the FSI sold, no capital gains tax was applicable. Relying on past decisions, the Tribunal upheld the decision of the First Appellate Authority, stating that the gain from the FSI sale was not taxable. The appeal was dismissed, affirming the order of the learned CIT(A) on March 30, 2011. en-us Wed, 30 Mar 2011 00:00:00 +0530 Thu, 13 Apr 2017 16:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191700 The appeal involved the deletion of a long term capital gain addition by the Assessing Officer, focusing on the taxation of the sale of Floor Space Index (FSI). The Tribunal ruled that as there was no cost of acquisition for the FSI sold, no capital gains tax was applicable. Relying on past decisions, the Tribunal upheld the decision of the First Appellate Authority, stating that the gain from the FSI sale was not taxable. The appeal was dismissed, affirming the order of the learned CIT(A) on March 30, 2011. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191700