TMI BlogCapital gain computation - assignment of lease rights in the shop - As sec. 50C applies only to a...Capital gain computation - assignment of lease rights in the shop - As sec. 50C applies only to a capital asset, being land or building or both, it cannot be made applicable to lease rights in a land. As the assessee has transferred leasehold right for 99 years in the shop and not land itself, the provisions of sec. 50C of the Act cannot be invoked. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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