Mr A has purachased 1000 sq yards of land in the yaer 1980 for Rs 7500,he incurred exepnditure of Rs 100000 during the year 2000. He entered into an agreement in the year 2011 with the developer wherein he transfers 450 sq yards of land to the developer and the developer in turn constructs a building on the remaining share of the land of Mr A(550 sq yards) as a sale consideration for the foregone part of the land(450 sq yards).Mr A now sells the buidling in the year 2012 January. what will be his tax treatment?
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