Assistant Commissioner of Income-tax Versus IGE India Ltd. - Income Tax - ITAT MUMBAI - Tri - Whether transfer of transferable development rights (by way of additional floor space index) chargeable to tax under the head Capital gains The society in which the assessee has acquired the flat became entitled to the right to allow the usage of additional floor space index (FSI) of an area equivalent to existing floor space index - The transferable development rights were sold to the builder for a c................................... Income Tax - Case Laws
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