Gain on Transfer of development rights of a plot cannot be treated as Short term for delay in registration of Acquisition

Jawahar Hiralal Jethani Vs DCIT (ITAT Pune)

The issue which arises in the present appeal is with regard to transfer of development rights acquired by assessee in a piece of land. It may be pointed out that as early as September / November 1997, the assessee enters into two separate agreements for two separate pieces of land, under which the assessee was to develop the said land.

In respect of one agreement dated 05.11.1997, sale consideration was not mentioned but in respect of second agre

Please become a Premium member. If you are already a Premium member, login here to access the full content.