2015 (12) TMI 1681

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..... in favour of the Assessee by the decision of CIT v. Frick India Ltd. [2014 (9) TMI 394 - DELHI HIGH COURT ] wherein held conversion of leasehold right into freehold by way of improving the title over the property would not affect the taxability of the gain from property, which is relatable to the period over which the property is held - Thus the asset, i.e. the tenancy rights were held for nearly .....

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..... f. ITA 1029/2015 3. The following two questions are sought to be projected by the Revenue in this appeal which is directed against the impugned order dated 31st October, 2014 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA No.5102/DEL/2011 for the Assessment Year ( AY ) 2008-09: A) Whether in the present facts and circumstances of the case the ITAT has erred in treating the .....

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