ITAT says TDR sale of ₹6.02 crore is taxable as capital gains
In short
The ITAT ruled that selling Transferable Development Rights for ₹6.02 crore can be taxed as capital gains after land was given up for road widening.
The report says land costs and allowed deductions must still be counted. The exact tax amount and full case details are not stated.
What the reporting says
The ITAT has ruled that the sale of Transferable Development Rights for ₹6.02 crore attracts capital gains tax after land was surrendered for road widening. The summary says eligible land costs and deductions still have to be considered in working out taxable gains. What is not stated is the exact tax computation, the specific case name, or the final tax payable.
Why it matters
The ITAT has said the ₹6.02 crore sale of Transferable Development Rights is subject to capital gains tax after land was surrendered for road widening. The reported clarification affects landowners and taxpayers handling TDR proceeds, because eligible land costs and deductions must be included in the tax calculation. The precise tax outcome, case facts and any final payable amount are not stated in the available reporting.