Tag: development rights

In absence of cost of acquisition of development rights, TDR cannot be taxed as a capital gain. Supreme Court dismissed SLP of Department ABCAUS Case Law Citation:ABCAUS 3097 (2019) (08) SC Important case law relied upon by the parties:Sambhaji Nagar Co-op. Hsg. Society Ltd. (2015) 370 ITR 325 …

Liability to pay Central GST by transferor of development rights at the time of transfer or possession-Special Procedure Notification The Central Government, on the recommendations of the GST Council has notified the two classes of registered persons to cover both who supply development rights in consideration of construction services and …