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1989 (2) TMI 2 - SC - Income Tax
Transfer of a capital asset - Capital Gains, Determination Of Cost Of Acquisition - whether the grant of a mining lease for a period of ten years by the assessee can give rise to capital gain taxable under section 45 - Held, yes - held that cost of acquisition of the mining lease had to be apportioned from the cost of the land as on date of acquisition of the freehold rights.