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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