https://www.taxtmi.com/caselaws?id=786992 Where an owner transfers an existing residential property to a developer for redevelopment in exchange for constructed area, undivided land share and consideration, that transaction constitutes a transfer of the capital asset and the assessee is entitled to apply indexed cost of acquisition/construction to the entire property for capital gains computation; additionally, where the retained constructed floors together constitute one residential house the assessee may claim the deduction for investment in a residential house, subject to verification of the computation by the assessing officer. en-us Fri, 20 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786992 Where an owner transfers an existing residential property to a developer for redevelopment in exchange for constructed area, undivided land share and consideration, that transaction constitutes a transfer of the capital asset and the assessee is entitled to apply indexed cost of acquisition/construction to the entire property for capital gains computation; additionally, where the retained constructed floors together constitute one residential house the assessee may claim the deduction for investment in a residential house, subject to verification of the computation by the assessing officer. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786992