Long term capital gain - sub-tenancy right - the assessee had a ...

Case Laws Income Tax

December 27, 2022

Long term capital gain - sub-tenancy right - the assessee had a sub-tenancy right in the property and upon surrender thereof, the assessee received a sum which was rightly offered as long-term capital gain in terms of section 45(1), 48, 55(2) and 2(29B) of the Income-tax Act, 1961. AO was wrong in rejecting the claim of long-term capital gain and assessing the same as income from other sources. - AT

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Long term capital gain - sub-tenancy right - the assessee had a ...

Case Laws Income Tax

December 27, 2022

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