Addition u/s 68 - LTCG - it is settled position under the law, ...

Section 68: Tenancy Rights Recognized as Transferable Assets for Long Term Capital Gains Qualification.

May 1, 2020

Case Laws Income Tax AT

Addition u/s 68 - LTCG - it is settled position under the law, that tenancy right is a transferable asset. The assessee received consideration on transfer of said right - assessee has unambiguously proved that asset was in the possession of assessee for more than three year, thus, on the sale of tenancy right the assessee is entitled for LTCG.

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Addition u/s 68 - LTCG - it is settled position under the law, ...

Section 68: Tenancy Rights Recognized as Transferable Assets for Long Term Capital Gains Qualification.

May 1, 2020

Case Laws Income Tax AT

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