ITO 16(2)(2), Mumbai Versus Kamlesh Laxmichand Parikh - Income Tax - ITAT MUMBAI - Tri - Taxability of income from Surrender of tenancy rights - capital gains - exemption u/s 54 Held that - Surrender of tenancy rights as contemplated in clause 16 of the impugned agreement had not taken place during the year under consideration, that there was no taxable event giving rise to capital gains on account of the impugned agreement, that asssessee had not to pay any tax on alleged capital gains - Insp................................... Income Tax - Case Laws
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