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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

CIT(A) has rightly directed the A.O. to work out capital gain on ...


Assessing Officer to Calculate Capital Gain on Tenancy Rights with Indexation as per Section 48, IT Act.

February 24, 2017

Case Laws     Income Tax     AT

CIT(A) has rightly directed the A.O. to work out capital gain on surrender of tenancy rights after taking into account the cost of acquisition of tenancy right as worked out by the registered approved valuer and allow the benefit of indexation of the cost of acquisition as per the provisions of section 48 - AT

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