The landowner chose to sell the TDRs he had received for surrendering 2,839 square metres of land. He sold them to a builder for Rs 6 crore but did not pay income tax on the proceeds. His understanding was that the amount received from the sale was a capital receipt and was therefore not taxable.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/f2n8oki
