| COURT: | Bombay High Court |
| CORAM: | A. A. Sayed J, S. C. Dharmadhikari J |
| SECTION(S): | 45, 48 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | capital gains, FSI, TDR, Transferable Development Right |
| COUNSEL: | Ajay Singh |
| DATE: | December 11, 2014 (Date of pronouncement) |
| DATE: | December 17, 2014 (Date of publication) |
| AY: | 2007-08 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 45/ 48: Gains on sale of TDR received as additional FSI as per the D. C. Regulations has no cost of acquisition and is not chargeable to capital gains | |
Only an asset which is capable of acquisition at a cost would be included within the provisions pertaining to the head “Capital gains” as opposed to assets in the acquisition of which no cost at all can be conceived. In …
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