TDR is a capital asset as inextricably linked with immovable property

Adi D Vachha Vs ITO (ITAT Mumbai)

Assessee has got a right in TDR in lieu of acquisition of immovable property by the Municipal Corporation of Pune. Although, there was no Transferable Development Rights (TDR) was in existence, when the MOU dated 17/08/1996 was entered into by the assesee with third party for transf

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