Income under the head “Long Term Capital Gain” (LTCG) on ...

Income from 1907 leasehold rights surrender classified as LTCG; deduction claimable for acquisition cost from April 1, 1981.

September 12, 2015

Case Laws Income Tax AT

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

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Income under the head “Long Term Capital Gain” (LTCG) on ...

Income from 1907 leasehold rights surrender classified as LTCG; deduction claimable for acquisition cost from April 1, 1981.

September 12, 2015

Case Laws Income Tax AT

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