https://www.taxtmi.com/caselaws?id=292832 The batch of four appeals by the Revenue challenging the deletion of addition of Transferable Development Rights (TDRs) taxed on receipt basis for the assessment years 2004-2005 to 2007-2008 was dismissed. The Appellate Tribunal upheld the Commissioner of Income-tax (Appeals) order, ruling that the sale proceeds of TDRs should be accounted for in the year of project completion, i.e., assessment year 2008-2009. As the project was unfinished during the assessment years in question, the Tribunal held that the TDR sale proceeds could not be included in the assessee's income for those years. en-us Wed, 15 Sep 2010 00:00:00 +0530 Sat, 09 Jan 2021 12:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292832 The batch of four appeals by the Revenue challenging the deletion of addition of Transferable Development Rights (TDRs) taxed on receipt basis for the assessment years 2004-2005 to 2007-2008 was dismissed. The Appellate Tribunal upheld the Commissioner of Income-tax (Appeals) order, ruling that the sale proceeds of TDRs should be accounted for in the year of project completion, i.e., assessment year 2008-2009. As the project was unfinished during the assessment years in question, the Tribunal held that the TDR sale proceeds could not be included in the assessee's income for those years. Case-Laws Income Tax Wed, 15 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292832