https://www.taxtmi.com/caselaws?id=418395 The Tribunal upheld the CIT(A)'s decision that the receipts from the sale of Transferable Development Rights (TDRs) were not chargeable to capital gains tax. It also confirmed the allowance of exemptions under Sections 54 and 54F. Additionally, the Tribunal held that Section 50C did not apply to the transfer of development rights and validated the reassessment proceedings under Section 148 initiated by the Income Tax Officer. en-us Mon, 14 Feb 2022 00:00:00 +0530 Wed, 16 Feb 2022 08:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418395 The Tribunal upheld the CIT(A)'s decision that the receipts from the sale of Transferable Development Rights (TDRs) were not chargeable to capital gains tax. It also confirmed the allowance of exemptions under Sections 54 and 54F. Additionally, the Tribunal held that Section 50C did not apply to the transfer of development rights and validated the reassessment proceedings under Section 148 initiated by the Income Tax Officer. Case-Laws Income Tax Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418395