TMI BlogIncome under the head “Long Term Capital Gain” (LTCG) on surrender of tenancy rights - leasehold rights...Income under the head “Long Term Capital Gain” (LTCG) on surrender of tenancy rights - leasehold rights have been acquired by the assessee’s predecessors in interest in the year 1907 - The assessee would therefore be entitled to claim deduction of cost of acquisition of leasehold interest as on 1.4.1981 - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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