Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]

Architect Fee - Transfer of Development Rights - Deduction - ITAT - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the architect fee paid by the assessee in connection with the transfer of development rights are allowable as deduction while computing the amount of capital gain under section 48 of the Income Tax Act, 1961. The assessee has made payment of ₹33,67,200/-…

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