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Consideration for permission to use TDR / FSI not chargeable to tax: ITAT Mumbai

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By Accommodation Times News Services The assessee co-op housing society gave permission to a developer to construct 2 floors and 8 flats on the building belonging to the society by using the TDR / FSI available to the developer. In consideration, the developer paid Rs. 26 lakhs to the assessee and Rs. 66 lakhs to […]

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