https://www.taxtmi.com/caselaws?id=407499 The appeal was filed against the CIT (A)'s order confirming the addition of Rs. 43,68,495/- made by the assessing officer. The appellant disputed the inclusion of this amount in the sale consideration, arguing it was not part of the negotiated deal. The authorities found the confirming party had no right over the Transferable Development Right (TDR), justifying the addition. Additionally, discrepancies in the valuation of the TDR and the legitimacy of the confirming party's entitlement were raised, leading to a remand for further assessment by the assessing officer. The appellant also contested the liability for interest under sections 234B and 234C, questioning the calculation and applicability of the interest. en-us Tue, 06 Apr 2021 00:00:00 +0530 Thu, 13 May 2021 08:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407499 The appeal was filed against the CIT (A)'s order confirming the addition of Rs. 43,68,495/- made by the assessing officer. The appellant disputed the inclusion of this amount in the sale consideration, arguing it was not part of the negotiated deal. The authorities found the confirming party had no right over the Transferable Development Right (TDR), justifying the addition. Additionally, discrepancies in the valuation of the TDR and the legitimacy of the confirming party's entitlement were raised, leading to a remand for further assessment by the assessing officer. The appellant also contested the liability for interest under sections 234B and 234C, questioning the calculation and applicability of the interest. Case-Laws Income Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407499