https://www.taxtmi.com/highlights?id=96180 The principal issue was whether consideration received on account of enhanced FSI/TDR arising from revised DCR 1991 constituted assessable long-term capital gains in the cooperative society or in its individual flat-owner members. Applying the legal distinction between tenant-co-partnership (flat-owners) and tenant-ownership societies and precedents holding that legal/beneficial ownership of flats and related TDRs vests in members, the tribunal held the AO's addition to the society as LTCG untenable and deleted it. Separately, the tribunal remitted the limited issue of a fresh section 80P deduction claim for verification of interest receipts and directed reassessment of the assessee's status as a registered society (not AOP). - ITAT en-us Tue, 20 Jan 2026 06:31:17 +0530 Tue, 20 Jan 2026 06:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96180 The principal issue was whether consideration received on account of enhanced FSI/TDR arising from revised DCR 1991 constituted assessable long-term capital gains in the cooperative society or in its individual flat-owner members. Applying the legal distinction between tenant-co-partnership (flat-owners) and tenant-ownership societies and precedents holding that legal/beneficial ownership of flats and related TDRs vests in members, the tribunal held the AO's addition to the society as LTCG untenable and deleted it. Separately, the tribunal remitted the limited issue of a fresh section 80P deduction claim for verification of interest receipts and directed reassessment of the assessee's status as a registered society (not AOP). - ITAT Highlights Income Tax Tue, 20 Jan 2026 06:31:17 +0530 https://www.taxtmi.com/highlights?id=96180