Amount received for surrender of tenancy rights – applicability ...
Court Rules Tenancy Rights Surrender Payment Falls u/s 10(3) of Income Tax Act; Cost of Acquisition Ascertainable.
February 22, 2012
Case Laws Income Tax HC
Amount received for surrender of tenancy rights – applicability of section 10(3) – the cost of acquisition of tenancy was capable of ascertainment but the Revenue had taken a contrary stand that the cost of acquisition was incapable of being ascertained.- decided against the Revenue - HC
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