https://www.taxtmi.com/caselaws?id=798677 Redevelopment agreements executed by a cooperative housing society as representative of its members under Section 79A guidelines grant development rights without transferring the society's land or generating consideration for the society. Permanent alternate accommodation, hardship compensation and displacement compensation belong to individual members, whose rights in the flats are affected. AIR information alone does not establish that reported consideration constitutes taxable capital gains of the society. Any capital-gains tax consequences from redevelopment arise, if at all, for the individual members rather than the cooperative housing society. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798677 Redevelopment agreements executed by a cooperative housing society as representative of its members under Section 79A guidelines grant development rights without transferring the society's land or generating consideration for the society. Permanent alternate accommodation, hardship compensation and displacement compensation belong to individual members, whose rights in the flats are affected. AIR information alone does not establish that reported consideration constitutes taxable capital gains of the society. Any capital-gains tax consequences from redevelopment arise, if at all, for the individual members rather than the cooperative housing society. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798677