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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Mode of computation - sale of tenancy rights - Benefit of ...


Court Rules FMV Cost of Acquisition as NIL for Tenancy Rights Sale; Sections 55(2)(a) & 55(2)(b) Applied.

June 30, 2018

Case Laws     Income Tax     HC

Mode of computation - sale of tenancy rights - Benefit of indexation - Cost of acquisition to be taken as NIL for Fair Market Value (FMV) as on 1.4.1981 - Scope of section 55(2)(a) and 55(2)(b) - issue decided in favor of revenue.

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